Nifty, Sensex snap losing streak; financials, auto boost
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The broader NSE Nifty ended 0.29% higher at 11,284.3, while the benchmark BSE Sensex closed up 0.14% at 37,882.79. Both indexes, however, marked their third straight weekly loss
Indian shares recovered from early losses on Friday and snapped six straight sessions of declines, driven by a rally in financial and auto stocks.
The broader NSE Nifty ended 0.29% higher at 11,284.3, while the benchmark BSE Sensex closed up 0.14% at 37,882.79. Both indexes, however, marked their third straight weekly loss.
Private-sector lender Yes Bank Ltd closed 9.6% higher and was the top percentage gainer on both indexes.
Bajaj Finance Ltd climbed 7.2%, while Bajaj Finserv Ltd advanced 6.7%.
Bajaj Auto Ltd rose 2.8% after beating expectations for quarterly profit.
Eicher Motors Ltd rose 4.6% and Hero MotoCorp Ltd climbed 3.4%, pushing the Nifty Auto Index 2.2% higher.
Meanwhile, miner Vedanta Ltd fell 4.3% ahead of its quarterly results.