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Sensex rises over 1 percent; L&T, Reliance Industries jump

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Reuters
(Reuters) - Indian stocks rose more than 1 percent on Friday, recovering from two straight sessions of declines, led by gains in blue-chips such as Reliance Industries Ltd and Larsen & Toubro Ltd.
The broader NSE Nifty ended up 1.18 percent at 10,714.30, yet posted losses for a second straight month.
The benchmark BSE Sensex closed 1.1 percent higher at 35,423.48 and was up for a third straight month.
Both indexes, however, marked their first weekly loss in six as lingering concerns of U.S.-China trade war, a fall in rupee and a firm rise in oil prices hurt the market.
Reliance Industries and Larsen & Toubro advanced 2.9 percent and 3.2 percent, respectively.
(Reporting by Vishal Sridhar in Bengaluru; Editing by Gopakumar Warrier)

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First Published: Jun 29 2018 | 4:00 PM IST

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