September 6, 2019 / 5:21 AM / 3 months ago

Nifty, Sensex end higher; autos lead gains

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai, February 17, 2016. REUTERS/Shailesh Andrade/Files

BENGALURU (Reuters) - Indian shares closed higher on Friday as investors cheered the government’s assurance for the ailing domestic auto sector, amid easing U.S.-China trade tensions.

The broader NSE Nifty ended 0.91% higher at 10,946.20, while the benchmark BSE Sensex closed up 0.92% at 36,981.77.

However, weak economic data left both indexes in the red for the week, with the NSE Nifty and BSE Sensex finishing down 0.75% and 0.94%, respectively.

Autos led gains on Friday for the second straight session, and the index closed up 2.61%.

India’s junior finance minister Anurag Thakur said the government was open to taking car-makers’ requests for lower taxes to the tax council, a day after industry bosses urged New Delhi to revive the sector plagued by plunging sales and job losses.

Eicher Motors was the top gainer on the NSE Nifty, ending 4.15% higher, while Indiabulls Housing Finance, down 4.97%, was the top loser.

Reporting by Derek Francis in Bengaluru; editing by Uttaresh.V

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