Sensex ends flat; gains for second straight week

MUMBAI (Reuters) – The BSE Sensex closed nearly unchanged on Friday but rose for the second straight week as gains in lenders such as State Bank of India were offset by profit-taking in some of the recent outperformers.

The Sensex closed 0.02 percent lower at 28,879.38. The index however gained 2.2 percent on week, marking its second straight weekly gain.

The Nifty gained 0.02 percent to 8,780.35, surging 2.3 percent on the week.

State Bank of India closed up 1.8 percent, adding to its 2.5 percent gain in the previous session after Moody’s revised India’s sovereign rating outlook to “positive” from “stable” on Thursday.

(Reporting by Indulal PM; Editing by Biju Dwarakanath)

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