Don’t miss the latest developments in business and finance.

Sensex posts biggest gain in almost four weeks

Image
Reuters
Last Updated : Aug 05 2016 | 4:28 PM IST

REUTERS - Indian shares rose more than 1 percent on Friday to notch up their biggest daily gain in almost four weeks after the Bank of England's stimulus plan lifted markets worldwide, while the passage of the Goods and Services Tax boosted sentiment.

The broader NSE Nifty climbed 1.54 percent to 8,683.15 points. It rose 0.52 percent on the week, posting a second consecutive weekly gain.

The benchmark BSE Sensex ended up 1.31 percent at 28,078.35 points, marking a weekly gain of 0.09 percent.

Both indexes recorded their biggest daily percentage gains since July 11.

(Reporting by Samantha Kareen Nair in Bengaluru; Editing by Sherry Jacob-Phillips)

Also Read

First Published: Aug 05 2016 | 4:13 PM IST

Next Story