[ad_1] By Rahul Shah Indian equities managed to post weekly gains for the third time in a row. Both the indices have gained over 1.5 per cent during the past week, thanks to a jump of nearly 8 per cent in the stock Reliance Industries Ltd. (RIL) Nifty closed with a gain of 232 points at 16584 and Sensex up 885 points at 55769, compared to last week’s close. India reports May service PMI at 11-year high (highest since April 2011), quarterly GDP growth of 4.1% (expected 3.9%), strong monthly…