Markets end year in green; Sensex closes up 260 points

Indian shares rose 1 % in the last trading session of 2016, recovering from recent losses and ending a volatile year with gains despite fears of outflows from emerging markets and cash crunch in the domestic economy post-demonetization.

The Nifty gained 3 % in calendar 2016 while the Sensex advanced 2 %, recovering from losses in 2015. 

On Friday, the Nifty rose 1.01 % to 8,185.80 while the Sensex gained 0.99 % to 26,626.46.

Both indexes advanced more than 2 % over the week, but posted modest losses for December.