Indian shares ended higher on Friday, boosted by financials, as investors pumped in money into equities amid hopes that tensions with Pakistan were easing. The benchmark BSE index closed up 0.54 percent at 36,063.81 and the broader NSE index ended 0.67 percent higher at 10,863.50.
Housing Development Finance Corp was the top contributor to the NSE index gains with one percent rise. Both the indexes posted their biggest weekly gain in four. The NSE index ended up 0.67 percent for the week, while the BSE index gained 0.54 percent for the period.
Broader markets saw sustained buying this week with the Nifty MidCap ending 2.5 percent higher. Media and metal gauges were major sectoral gainers this week.
Zee Entertainment ended almost 9 percent higher this week, pushing sectoral indice Nifty Media up by 6.4 percent. Coal India, India Oil Corp, UltraTech Cement and Yes Bank were other major Nifty gainers, rising between 7 and 9 percent this week.
Bharti Infratel was the top Nifty loser this week, declining 6.6 percent. Adani Ports, Eicher Motors, Bharti Airtel and Hindustan Unilever, dipped between 2 and 6 percent.
From midcaps, Adani Power surged 21 percent this week, topping the broader market indice, while Arvind, Tata Communications, Sun Pharma Advanced Research and Info Edge rose between 9 and 11 percent.
Dewan Housing Finance Ltd shares slipped 7.5 percent, the worst among midcap losers.
(With inputs from Reuters)
First Published: Mar 1, 2019 4:31 PM IST
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