Sensex, Nifty end higher on banks, energy stocks
Nifty
India's main stock indexes ended higher for the first time this week on Thursday, driven by gains in banking and energy stocks.
The NSE Nifty 50 index closed 0.6 per cent higher at 12,180.35, while the S&P BSE Sensex ended up 0.66 per centat 41,386.40.
The market gained after some mild consolidation during the week, said Vinod Nair, head of research at Geojit Financial Services.
A slew of disappointing earnings had weighed on the market earlier this week, with Nifty 50 and Sensex losing about 2per centeach in the past three sessions.
On Thursday, the banking sector dominated the gains, with the Nifty Bank Index rising 1 per centand Nifty Public Sector Bank Index firming 1.24 per cent.
Yes Bank jumped 6.6per centand was the best performer in the Nifty 50.
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Meanwhile, the Nifty energy index ended up 1.1per centwith Indian Oil Corp gaining 4.14 per cent.
India oil ministry wants state refiners such as IOC to buy oil from Brazil under annual deals, a source said on Wednesday.
c lost about 7 per cent, making it the top loser in the Nifty 50.