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Indian shares ended a tick higher on Friday, powered by gains in banking stocks, but finished lower for the week with trading dominated by headlines about the Sino-US trade conflict and fears of an imminent global recession.

The benchmark NSE index ended 0.17pc higher at 11,047.80, while the benchmark BSE index closed 0.10pc firmer at 37,350.33.

The NSE and BSE indexes shed 0.55pc and 0.61pc respectively during the three-day week, which had two market holidays.

The Nifty bank index ended 0.71pc higher, led by a roughly 4pc gain each in Punjab National Bank and Yes Bank Ltd.

Meanwhile, shares in oil-to-telecom conglomerate Reliance Industries Ltd climbed 10pc during the week, their best weekly performance since July 2018.

Reliance unveiled the sale of a portion of its oil-to-chemicals business to Saudi Aramco and introduced new high-speed internet services.

Copyright Reuters, 2019

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