October 6, 2017 / 6:46 AM / in 16 days

Sensex up; Tata Steel gains

REUTERS - The NSE Nifty rose nearly 1 percent on Friday, its biggest daily gain in over seven weeks, with Tata Steel Ltd (TISC.NS) climbing on strong quarterly production numbers, as investors awaited the outcome of a Goods and Services Tax (GST) Council meeting.

A broker trades on his computer terminal at a stock brokerage firm in Mumbai, India, January 20, 2016. REUTERS/Shailesh Andrade/Files

The broader NSE Nifty closed up 0.92 percent at 9,979.70, its biggest daily percentage gain since Aug. 16. It gained 1.95 percent this week, snapping a two-week losing streak to post its strongest weekly gain since July.

The BSE Sensex ended 0.7 percent higher at 31,814.22 in its biggest daily gain since Sept. 22 and posted a weekly gain of 1.7 percent.

Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Sunil Nair

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