Nifty, Sensex end higher after two weeks of losses; pharma gains
Stocks
Indian shares ended higher on Friday, recording their first weekly gain in three, as investors cheered signs of progress in the US-China trade dispute, with hopes of additional government stimulus fueling the risk-on sentiment.
The broader NSE Nifty ended up 0.68 per cent at 11,023.25, while the benchmark BSE Sensex closed 0.71 per cent higher at 37,332.79.
For the week, the NSE Nifty gained 1.79 per cent and the BSE Sensex added 1.72 per cent.
Pharma and fast-moving consumer goods stocks led the gains, with their indexes closing 2.02 per cent and 1.76 per cent higher, respectively.
Yes Bank ended 1.11 per cent higher, while Sun Pharma closed up 3.62 per cent.
They finished the day as the top gainers among the blue-chip stocks.
Among losers, Bharti Infratel ended 3.1 per cent lower.