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Sensex ends higher; IT stocks gain on weak rupee

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Reuters

(Reuters) - Indian shares ended higher on Friday, but finished marginally lower for the week, helped by gains in IT stocks such as Infosys Ltd on a weaker rupee, while investors awaited the outcome of a no-confidence motion against the government.

The broader NSE Nifty closed 0.48 percent higher at 11,010.20, while the benchmark BSE Sensex ended 0.4 percent higher at 36,496.37.

For the week, the NSE index ended 0.08 percent lower, while the BSE index slipped 0.12 percent.

Infosys ended 2.4 percent higher.

Shares in energy and financial sectors also advanced, with Reliance Industries Ltd ending up 2.2 percent, while Bajaj Finance Ltd finished 8 percent higher.

 

(Reporting by Krishna V Kurup in Bengaluru; Editing by Sunil Nair)

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Jul 20 2018 | 4:02 PM IST

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