Indices see best weekly gains in over a month; IT, pvt bank stocks lead

Both indices ended the day off their intraday highs, with the Sensex finishing at 59,793, up 105 points or 0.18 per cent, while the Nifty50 at 17,833, up 35 points or 0.2 per cent

The benchmark indices edged higher for the second day in a row on Friday to eke out their best weekly gain since the end of July. 
 

During the day’s trade, the Sensex went past 60,000, while the Nifty50 moved close to the 18,000-mark. Both indices, however, ended the day off their intraday highs, with the Sensex finishing at 59,793, up 105 points or 0.18 per cent, while the Nifty50 at 17,833, up 35 points or 0.2 per cent. Both indices rose 1.7 per cent during the week, their biggest weekly advance since July 31.
 

Gains in beaten-down IT stocks were