Sensex edges higher; tech stocks gain

MUMBAI (Reuters) - The BSE Sensex and Nifty closed higher on Friday, snapping a two-day losing streak, led by technology stocks such as Infosys on a weaker rupee while broader sentiment was tepid as investors kept away from risky bets ahead of the year-end holidays.

The rupee stayed down against the dollar on month-end dollar demand and profit booking by foreign investors. The partially convertible rupee was at 63.65 versus its previous close of 63.5150/5250.

Volumes remained low as investor interest was subdued despite Friday being the first trading day for the new monthly derivatives contract, traders said.

The benchmark BSE Sensex <.BSESN> closed 0.12 percent higher at 27,241.78. The index fell 0.48 percent this week.

 

The broader NSE Nifty <.NSEI> ended 0.33 percent higher at 8,200.70. The index ended down 0.3 percent this week.

Technology shares gained. Infosys closed up 1.1 percent while Tata Consultancy Services ended 1 percent higher.

(Reporting by Indulal PM; Editing by Biju Dwarakanath)