Sensex posts first weekly gain in four | Reuters - Firstpost
You are here:

Sensex posts first weekly gain in four | Reuters

Updated: Jan 30, 2016 05:45 IST

#article   #India   #markets   #Mexico   #Middle East   #opinion   #United Kingdom  

MUMBAI 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.

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

This story has not been edited by Firstpost staff and is generated by auto-feed.

Comment using Disqus

Show Comments