Sensex ends higher for third session; oil refiners gain

Image
Reuters
Last Updated : Sep 16 2016 | 4:07 PM IST

REUTERS - Indian shares ended higher on Friday, posting a third straight session of gains, as lacklustre U.S. data helped ease investors' fears over the likelihood of an interest rate hike by the Federal Reserve next week.

The broader NSE Nifty ended 0.43 percent higher at 8,779.85, after rising as much as 1.20 percent earlier in the session, while the benchmark BSE Sensex closed up 0.66 percent at 28,599.03, after gaining up to 1.29 percent earlier in the day.

Both indexes, however, posted their first weekly loss in three.

Shares of state-run oil refiners such as Bharat Petroleum Corp and Hindustan Petroleum Corp ended up 1.72 percent and 0.9 percent respectively, after the petrol price hike.

(Reporting by Samantha Kareen Nair in Bengaluru; Editing by Sherry Jacob-Phillips)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Sep 16 2016 | 3:57 PM IST

Next Story