MUMBAI (Reuters) - Stock markets in India rose nearly 2 percent on Friday with the Nifty recording its biggest single-day gain in seven months on hopes that the rupee would not decline as steeply as feared and the central bank might cut rates in its September meeting.
The Sensex ended 1.88 percent higher, while the Nifty gained 1.95 percent, its biggest single day percentage gain since Jan. 15.
For the week, the Sensex closed 0.59 percent lower while the Nifty lost 0.54 percent.
(Reporting by Karen Rebelo; Editing by Anupama Dwivedi)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app