Sensex posts another weekly gain, rises nearly 3% in August
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Sensex posts another weekly gain, rises nearly 3% in August

By Reuters

  • 31 Aug 2018
Sensex posts another weekly gain, rises nearly 3% in August
Credit: Reuters

Indian shares ended little changed on Friday, as global sentiment remained muted after U.S. President Donald Trump made fresh trade threats against China, while gains in tech and healthcare were offset by losses in energy and financial stocks.

The benchmark BSE Sensex closed down 0.12 percent, while the broader NSE Nifty ended 0.03 percent higher.

Both indexes marked a sixth straight weekly gain, with the BSE closing 1 percent higher and the NSE ending 1.07 percent firmer.

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The BSE Sensex gained 2.76 pct in August, while the broader NSE Nifty climbed 2.85 pct, having hit 11 record highs this month.

The indexes posted their biggest monthly gain for August since 2014.

Shares of Dr. Reddy's Laboratories Ltd, top gainer on the Nifty index, ended 4.7 percent higher, while Reliance Industries Ltd closed 2.8 percent lower.

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