The BSE Sensex
rose for the second straight day on Friday, gaining over 206 points to end at nearly one-week high, on
sustained value buying in refinery, banking and auto stocks.
Brokers said the stock market sentiment improved as
the battered rupee rebounded from all-time low levels of 65.56 to 64.12 per dollar after the government and Reserve Bank of India's (RBI) assurances.
The 30-share index of the Bombay Stock Exchange, which had surged 408 points in the previous session, rose further by 206.50 points, or 1.13 per cent, to end at 18,519.44 - the highest closing since August 16 (18,598.18).
The 50-share National Stock Exchange index Nifty rose 63.30 points, or 1.17 per cent, to 5,471.75.
Also, SX40 index, the flagship index of MCX-SX, closed up at 10,960.73, higher by 142.85 points or 1.32 per cent.
In the Sensex pack, Reliance Industries surged 1.64 per cent to Rs 819.05 after the company and its partner BP Plc
announced a new gas condensate discovery off the east coast in the Cauvery basin.
Major Sensex gainers were BHEL, Tata Motors, HDFC Bank, ICICI Bank, State Bank of India, HDFC Ltd., Coal India, Jindal Steel, Tata Steel, Sterlite Industries, Maruti Suzuki, Mahindra and Mahindra and Sun Pharma.
Private lenders like
HDFC Bank and ICICI Bank saw heavy buying as investors judged recent losses as excessive.
Led by over 8 per cent surge in BHEL, the capital goods sector index gained the most rising 2.04 per cent to 7,235.68. It was followed by banking index by 1.91 per cent to 10,791.32. Oil and Gas sector index rose by 1.59 per cent to 8,191.04 and the auto index by 1.51 per cent to 10,248.18.
With inputs from PTI
PHOTO: Reuters 
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