Sensex ends higher; Reliance Industries leads after JioPhone launch
Authored By Wion Web Desk
Published: Jul 20, 2017, 20:16 IST | Updated: Jul 20, 2017, 20:16 IST
A woman checks her mobile phone as she walks past a mobile store of Reliance Industries' Jio telecoms unit, in Mumbai
Story highlights
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
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 BSESensex finished 0.39 per cent higher at 32,028.89.
The Nifty gained 0.29 per cent this week, while theSensexinched up 0.03 per cent.
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Reliance gained 3.7 per cent, but its telecom rivals slumped, with Bharti Airtelending down 2 per cent and Idea Cellularfalling 3.3 per cent.