Sensex, Nifty50 post slim gains, close lower for week; NTPC gains 2.8%

NTPC was the biggest gainer among the Sensex constituents, spurting 2.80 per cent

Benchmark indices closed modestly higher on Friday as fag-end choppiness trimmed most of the day's gains amid a largely-firm trend in overseas markets.

Global investors were in wait-and-watch mode ahead of Federal Reserve Chair Jerome Powell's speech at the annual Jackson Hole symposium, where he is expected to provide clues on the US central bank's rate hike trajectory.

The BSE Sensex opened firm and soared over 500 points to an intra-day high of 59,321.65, but succumbed to profit-booking towards the end of the session. It finally closed at 58,833.87, up 59.15 points or 0.10 per cent.On similar lines, the broader NSE Nifty