Published July 4, 2026 Updated about 6 hours ago By Reuters BENGALURU: Indian shares rose to log their fourth consecutive weekly gain on Friday, after a softer-than-expected US jobs report coupled with declining oil prices eased near-term Federal Reserve rate-hike concerns. The easing came as a relief to India’s IT sector, a heavyweight on the benchmarks, which has taken a battering of late on AI-disruption fears and prospects of higher rates that typically subdue US client spending. A gauge tracking the sector climbed 1.8percent on Friday and snapped a five-week losing streak with a 0.4percent gain. The benchmark Sensex gained 0.34percent to 77,763.91 on Friday, while the Nifty 50 rose 0.39percent to 24,270.85. The Sensex and Nifty rose about 0.9percent this week, extending their four-week gains to 4.7percent and 3.9percent, helped by lower oil and steps to support both the rupee and foreign inflows. “The Reserve Bank of India’s recent measures have bought Indian markets some breathing room, helping steady the currency and draw in foreign…