Indian shares closed slightly higher on Friday, helped by growing expectation of better December-quarter corporate earnings on the back of solid results for the July-September period.
The NSE Nifty 50 index ended 0.11% higher at 11,890.6, while the S&P BSE Sensex gained 0.09% to 40,165.03. The Nifty and the Sensex ended the week up 2.65% and 2.83%, respectively.
Stocks have been gaining steadily over the last few sessions, buoyed by positive global cues, a strong set of corporate results and expectations of a better third quarter.
Metals stocks led gains, with the Nifty sub-index up 2.44%. Meanwhile, the Nifty state-owned bank index rose 1.44%.
Zee Entertainment’s shares recorded their best intraday gain in more than 12 years and finished up 18.46% to top the gainers list on the Nifty.
Yes Bank was the top loser with a 6.11% drop.