Indian shares eke out gains; but end week lower

16 Aug, 2019

The benchmark NSE index ended 0.17% higher at 11,047.80, while the benchmark BSE index closed 0.10% firmer at 37,350.33.

The NSE and BSE indexes shed 0.55% and 0.61% respectively during the three-day week, which had two market holidays.

The Nifty bank index ended 0.71% higher, led by a roughly 4% gain each in Punjab National Bank and Yes Bank Ltd.

Meanwhile, shares in oil-to-telecom conglomerate Reliance Industries Ltd climbed 10% during the week, their best weekly performance since July 2018. Reliance unveiled the sale of a portion of its oil-to-chemicals business to Saudi Aramco and introduced new high-speed internet services.

Copyright Reuters, 2019

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