Nifty logs weekly loss despite Friday surge; IT, metals lag, PSUs shine

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Friday’s rally, powered by strong global cues and broad-based buying, saw the Nifty jump 429 points to close at 22,829, while the Sensex rose 1,310 points to finish at 75,157. The Nifty Bank climbed 762 points to 51,002 and the Nifty Midcap 100 added 919 points to 50,502.

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