Sensex jumps most since October on ECB stimulus hopes

Indian stock markets ended 2 percent higher on Friday, posting their biggest single-day percentage gain since October as hints of more stimulus measures from the European Central Bank lifted global markets, but still marked a third weekly fall.

A recovery in crude oil prices also helped support investors' sentiment. Oil rose 5 percent on Friday to trade above the $30 a barrel mark as bouts of cold weather in the United States and Europe boosted hopes of higher demand.

The broader Nifty ended 2 percent higher, its biggest single-day percentage gain since Oct. 5, 2015. Gains from Friday's session helped the index recover most of the losses this week to only 0.21 percent lower.

 

The benchmark Sensex ended 1.98 percent higher; also its biggest single-day gain since Oct. 5, 2015. The index lost 0.08 percent during the week.