Bharath Rajeswaran

Indian shares closed higher for a fourth straight session on Wednesday as financials climbed on growing expectations of a likely cut in the cash reserve ratio by the central bank while a pullback in Reliance Industries and autos capped gains.

India's benchmark indexes jumped nearly 1% on Friday, recouping a large chunk of their losses from the prior session and ending the week higher, helped by gains in heavyweight Reliance Industries and drugmakers.

Indian shares ended higher on Wednesday, led by a rebound in Adani Group stocks after its subsidiary, Adani Green, clarified that key officials had not been charged with violations of the U.S. Foreign Corrupt Practices Act in last week's indictment.

Indian shares extended their rally on Monday after Prime Minister Modi's party and its allies scored a decisive win in the country's richest state of Maharashtra.

Foreign institutional investors turned net buyers in Indian markets on Monday, provisional exchange data showed, snapping a record selling streak that had partly caused the country's benchmark indexes to confirm corrections earlier this month.

Indian shares posted their best session since early June on Friday, snapping a two-week losing streak, as easing worries about credit risks from exposure to Adani Group stocks lifted heavyweight financials.

India's Nifty 50 snapped a seven-day losing run on Tuesday, led by gains in HDFC Bank and Mahindra & Mahindra, with analysts ascribing the rise in both benchmarks to a short-term relief rally after shares slid into correction territory recently.

India's benchmark Sensex slipped into correction territory on Monday, on persistent concerns over foreign outflows and lacklustre corporate earnings, while information technology and energy stocks led the losses.

Indian shares inched lower on Thursday, logging their sixth weekly loss in seven, as worries about a slowdown in consumption added to concerns over earnings moderation and foreign outflows.

A wide swathe of the Indian shares, including the benchmark Nifty 50, slipped into correction territory on Wednesday as waning hopes of a rate cut next month added to concerns over dull earnings and sustained foreign outflows.