Sensex, Nifty rebound on positive global cues

MUMBAI: Benchmark indices broke their three-day falling streak on Friday driven by upbeat global cues, recovering rupee and a surge in Kotak Bank shares on reports that Berkshire Hathaway may pick up a stake in the lender. The BSE Sensex rallied 361.12 points, or 1.02%, to close at 35,673.25. Similarly, the broader NSE Nifty jumped 92.55 points, or 0.87%, to 10,693.70. However, both the indices ended lower for the week. The Sensex fell by 521.05 points, or 1.43 %, while the Nifty lost 183.05, or 1.68%, during the week. Kotak Mahindra Bank was the biggest gainer on both the indices on Friday, spurting nearly 9% following reports that Warren Buffett’s Berkshire Hathaway Inc. was planning to pick up a stake in the private sector lender.