Sensex ends higher; Reliance Industries leads after JioPhone launch

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.

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.