Indian shares log weekly losses as earnings worries overshadow IT gains – Markets

Indian bluechip indexes fell on Friday and logged weekly losses on worries about corporate earnings, while IT stocks gained after comments from sector-leader TCS indicated early signs of a demand revival.

The Nifty 50 shed 0.4% to 23,431.5 points, while the BSE Sensex declined 0.31% to 77,378.91.

Both the indexes fell about 2.4% this week, snapping a two-week winning streak.

Twelve of the 13…