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Nifty Falls 2% in Week as Financials Drag; Crude Oil Rally Weighs
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The Nifty 50 ended the week down 2% as financial stocks led declines, while crude oil prices surged amid Middle East tensions. The Sensex also closed in the red despite a late-week recovery, with the rupee weakening against the dollar.
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Nifty Falls 2% in Week as Financials Drag; Crude Oil Rally Weighs
The Nifty 50 and Sensex closed the week with losses of 2% and 1.5% respectively, despite a partial recovery on Friday. Financial stocks were the primary drag, with crude oil prices rising sharply due to fresh tensions in West Asia. The Indian rupee weakened against the dollar, adding pressure to market sentiment. The June quarter earnings season began with mixed results, further contributing to the bearish trend.
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