Sensex and Nifty close at over six-week high; Reliance Industries\, HDFC climb

Sensex and Nifty close at over six-week high; Reliance Industries, HDFC climb

Reuters 

(Reuters) - Indian shares posted their best close in more than six weeks on Friday, powered by gains in Industries Ltd, the country's biggest company by market value.

Both the indexes finished the week 0.9 percent higher.

Shares of Industries climbed 2.8 percent, marking their best closing high since October 17. HDFC Bank Ltd's stock rose 1.5 percent, while that of climbed 1.9 percent to its highest close in two months.

Shares of telecom ended 9.3 percent higher, while those of larger rival closed up 16.5 percent.

was the top loser on the index, ending down 7.2 percent as turmoil in its management persisted.

(Reporting by in Bengaluru; Editing by Rashmi Aich)

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

First Published: Fri, November 16 2018. 16:45 IST