Sensex and Nifty end higher; PM Modi to review economy
File photo. Photograph: (PTI)
Sensex and Nifty ended higher for the second session on Friday, as investors sentiment turned positive after government officials said Prime Minister Narendra Modi will hold a meeting later in the day with the finance ministry to discuss economic issues.
PM Modi will hold a meeting with finance ministry officials on Friday to discuss the fall in the rupee and other economic issues, a government source told Reuters.
The broader NSE Nifty closed 1.28 per cent higher at 11,515.20 while the benchmark BSE Sensex ended 0.99 per cent firmer at 38,090.64.
For the week, the NSE Nifty weakened 0.64 per cent while the BSE Sensex was down 0.78 per cent, its biggest weekly fall since the week ended May 18.
Financials accounted for nearly half the gains, with Housing Development Finance Corp Ltd closing 2.5 per cent higher. At the close, only four stocks were in the red on the NSE Nifty while two ended lower on the BSE Sensex.