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Sensex ends higher; Reliance Industries leads after JioPhone launch

A woman checks her mobile phone as she walks past a mobile store of Reliance Industries' Jio telecoms unit, in Mumbai Photograph: (Reuters)

Reuters Bengaluru Jul 21, 2017, 01.15 PM (IST)

Indian shares rose on Friday to post a third consecutive weekly gain, with Reliance Industries hitting it highest in over 9-1/2 years after posting strong quarterly results and announcing the launch of a low-cost, 4G-enabled phone.

The broader NSE Nifty closed up 0.42 per cent at 9,915.25, while the benchmark BSE Sensex finished 0.39 per cent higher at 32,028.89.

The Nifty gained 0.29 per cent this week, while the Sensex inched up 0.03 per cent.

Reliance gained 3.7 per cent, but its telecom rivals slumped, with Bharti Airtel ending down 2 per cent and Idea Cellular falling 3.3 per cent.

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