India’s stock benchmark rose on Friday, recovering from losses in the previous two sessions, buoyed by stronger Asian markets, with investors eyeing clues on business health and US jobs data later in the day for signs of future interest rate hikes.
The BSE Sensex was up 145.21 points at 60,981.66, while the broader NSE Nifty was up 0.23% at 18,095. Both benchmarks are up 1.5% this week, and if early Friday’s trend continues, they will be on track for a third straight weekly gain. While US stocks fell overnight, Asian markets were broadly higher, recovering from losses in previous sessions.