Nifty snaps eight-week losing streak with 1.3% Friday rally

Indian equities rebounded Friday as Nifty rose 1.3% to close above 22,500, ending an eight-week losing streak. IT, FMCG and auto stocks led the relief rally. The Nifty IT index was the best-performing sectoral index. However, persistent foreign investor outflows, elevated US bond yields, and crude oil prices continue to weigh on market sentiment.