Nifty, Sensex rise in line with broader Asia; post biggest weekly gain in five

Reuters 

(Reuters) - Indian shares closed higher on Friday, helped by a recovery in financials such as Housing Development Finance Corp Ltd, while stronger Asian equities after soft U.S. data soothed worries of faster rate hikes by the Federal Reserve also boosted sentiment.

The benchmark BSE Sensex closed up 0.82 percent at 35,535.79, while the broader NSE Nifty ended 0.84 percent higher at 10,806.5.

Both the indexes closed at their highest level since February 1 and recorded their biggest weekly gain in five.

Among top gainers, closed 5.65 percent higher, while HDFC ended up 1.35 percent.

(Reporting by in Bengaluru; Editing by Subhranshu Sahu)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 11 2018. 16:04 IST