MUMBAI (Reuters) - India's stock markets rose 1.1 percent on Friday as state-owned lenders such as State Bank of India recovered from recent sharp losses, but the key indexes were still headed for a fourth weekly loss in five, highlighting fragile investor sentiment.
The broader Nifty ended up 1.15 percent, posting a second consecutive daily gain, but lost 1 percent on the week.
The benchmark Sensex gained 1.14 percent, but posted a 1 percent weekly loss.
SBI surged 3.3 percent after falling 12.1 percent over the last five trading sessions.
(Reporting by Manoj Rawal; Editing by Biju Dwarakanath)
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