Rebounding from nearly two-week lows, the BSE benchmark index Sensex on Friday snapped a four-day downtrend by ending 30 points higher on the back of strength in Tata Steel, ICICI Bank, L&T and Tata Power shares.
However, the index ended around 3 per cent lower on a weekly basis as Sensex shed over 580 points from last Friday’s close.
After plunging nearly 390 points on Thursday, Sensex resumed on Friday on a strong note at 19813.72 but fell to a low of 19571.91 intra-day. However, a late surge in beaten-down stocks helped the index settle 30 points higher at 19704.33.
The 50-share NSE Nifty index closed higher by 16.50 points at 5983.55. MCX-SX flagship index SX40 closed marginally lower by 1.17 points at 11681.13.