Advertisement

Sensex posts first weekly gain in four

People watch a large screen displaying India's benchmark share index on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 20, 2016. REUTERS/Shailesh Andrade

MUMBAI (Reuters) - Indian stocks rose nearly 2 percent on Friday, posting their first weekly gain in four, as a rebound in commodity prices and Bank of Japan's bold move to adopt negative interest rates ended a tough month for markets with a flourish. The Nifty <.NSEI> ended 1.87 percent higher, its biggest single-day percentage gain in a week. For the week, the index gained 1.9 percent, its first weekly gain in four. It shed 4.8 percent in January in its worst monthly performance since August 2015. The Sensex <.BSESN> ended 1.64 percent higher on Friday. For the week, it rose 1.78 percent but fell 4.77 percent in January. (Reporting by Karen Rebelo in Mumbai; Editing by Subhranshu Sahu)