Nifty ends below 9,600, down almost 1% for the week; Nifty IT slips 0.8%

Pharma was the top losing index amid worries about their earnings outlook with Lupin down over 4%

Benchmark indices swung between gains and losses on Friday to end the day flat amid lack of global as well as domestic cues.  Nifty50 settled the week 0.8% lower, its first weekly loss in six weeks, breaking its longest gaining streak since late 2014 while Sensex ended the week 0.6% lower.
 
Gains were capped by a sharp correction in pharma and IT stocks on worries over their earnings outlook while ITC, Tata Motors continued to support the market.
 
The S&P BSE Sensex settled at 31,056, down 19 points, while the broader Nifty50 ended at 9,588, up 10 points.
 
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