Sensex ends higher for third session; oil refiners gain

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)