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Sensex posts first weekly gain in four

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Reuters MUMBAI
Last Updated : Jan 29 2016 | 4:13 PM IST

MUMBAI (Reuters) - Indian stocks rose nearly 2 percent on Friday, posting their first weekly gain in four, as a rebound in commodity prices and Bank of Japan's bold move to adopt negative interest rates ended a tough month for markets with a flourish.

The Nifty <.NSEI> ended 1.87 percent higher, its biggest single-day percentage gain in a week.

For the week, the index gained 1.9 percent, its first weekly gain in four. It shed 4.8 percent in January in its worst monthly performance since August 2015.

The Sensex <.BSESN> ended 1.64 percent higher on Friday. For the week, it rose 1.78 percent but fell 4.77 percent in January.

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(Reporting by Karen Rebelo in Mumbai; Editing by Subhranshu Sahu)

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First Published: Jan 29 2016 | 4:01 PM IST

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