Indices close week with gains of 2.5%; Asian Paints falls 2.6%

The indices had gained this week amidst optimism surrounding early quarterly earnings announcements of some companies

The benchmark indices ended the week with gains, even though their five-day winning streak snapped on Friday. The benchmark Sensex and Nifty ended the week with gains of 2.5 per cent.

On Friday, the Sensex opened gap-down and slid further during the first two hours of trade, but recovered most of its losses on the back of buying in software and banking heavyweights in the index. The Sensex ended the session at 61,223, a loss of 12 points or 0.02 per cent. The Nifty ended at 18,255, a decline of 2 points or 0.01 per cent.

The indices had gained this week