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Sensex gains more than 1 percent; down on week

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Reuters MUMBAI
Last Updated : Feb 05 2016 | 4:47 PM IST

MUMBAI (Reuters) - India's stock markets rose 1.1 percent on Friday as state-owned lenders such as State Bank of India recovered from recent sharp losses, but the key indexes were still headed for a fourth weekly loss in five, highlighting fragile investor sentiment.

The broader Nifty ended up 1.15 percent, posting a second consecutive daily gain, but lost 1 percent on the week.

The benchmark Sensex gained 1.14 percent, but posted a 1 percent weekly loss.

SBI surged 3.3 percent after falling 12.1 percent over the last five trading sessions.

(Reporting by Manoj Rawal; Editing by Biju Dwarakanath)

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First Published: Feb 05 2016 | 4:23 PM IST

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