Mumbai: The Nifty surged to its highest level in more than a month on Friday, marking the best weekly performance since October, as blue chips such as Larsen and Toubro gained after the RBI's unexpected rate cut on Thursday.
Software exporter Tata Consultancy Services dropped 0.3 per cent, dragging down peers, after it reported flat sequential U.S. dollar revenue growth for the December quarter.
Broader sentiment was also hit as regional shares fell after Switzerland's central bank unexpectedly scrapped its currency cap - jolting markets already roiled by plunging commodities prices. The Nifty ended 0.23 per cent at 8,513.80, hitting a one-month high and adding 2.8 per cent this week. The Sensex closed 0.17 percent higher at 28,121.89. The index gained 2.4 per cent in the week.
Both indexes marked their best weekly performance since the week ended October 31.
Blue-chip stocks gained. Larsen and Toubro ended 1.2 per cent higher, while Sun Pharma added 2.9 per cent.
