(Reuters) - India's BSE index <.BSESN> rose 1 percent on Friday and posted its third straight weekly gain, as State Bank of India surged on a smaller-than-expected rise in June-quarter bad loans, while a rally in crude prices also boosted energy stocks.
The benchmark BSE Sensex closed up 1.05 percent at 28,152.40, posting a gain of 0.26 percent for the week.
The broader Nifty <.NSEI> ended 0.93 percent higher at 8,672.15, recording a fall of 0.13 percent for the week.
Indian markets will be closed on Monday for a local holiday.
Shares of State Bank of India jumped 7.1 percent, while Reliance Industries rose 2.1 percent.
(Reporting by Aastha Agnihotri in Bengaluru)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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