Mumbai: The Sensex ended at 18289.35 up 135.36 points or 0.75 per cent and the Nifty closed at 5568.35 up 46.40 points or 0.84 per cent. About 1387 shares advanced, 1577 shares declined, and 436 shares remain unchanged.
The Indian market has closed in green for seventh consecutive week making it one of the best market rally in recent times. FIIs have invested close to USD 4.5 billion in 2012 despite any major change in fundamentals. Beaten down stocks of 2011 have now become multi-baggers for investors.
World stocks rose near a six-month peak on Friday and the dollar hit a 3-1/2 month high against the yen. This is because of the hopes building up for a long-awaited Greek bailout deal next week following strong US data encouraging investors to buy riskier assets.
The most active shares on BSE were SBI, BHEL, Reliance, L&T and Reliance Power. Tech major Infosys closed at Rs 2,950.60 up 1.63 per cent from its previous close of Rs 2,903.35. Cigarette major ITC ended at Rs 205.30 up 0.71 per cent from its previous close of Rs 203.85.
Top gainers on the Nifty: BHEL, Axis Bank, Tata Power, HCL Tech and Mahindra and Mahindra surged 3-6 per cent.
Top losers on the Nifty: Hero Motocorp, Sesa Goa, Maruti Suzuki, Reliance Infra and Hindalco lost 2-4 per cent.
Nifty Feb futures added over 7 lakh shares in open interest. The futures ended with 32 points premium. India VIX closed at 24.18, up 3.6 per cent.
Top percentage gainers on the NSE - Panasonic Home, Rohit Ferro Tech, MTNL, Lanco Infratech and House of Pearl were up 11-20 per cent
Top percentage losers on the NSE - Petron Eng Cons, Tips Industries, Energy Dev, Hira Ferro and Surana Ind were down 9-11 per cent.
Gold prices rose on Friday as optimism that Greece may soon secure an urgently needed bailout buoyed financial markets and helped bullion recover from a one-week low hit in the previous session.
Brent crude traded little changed above $120 on Friday, supported by supply concerns as European buyers sought alternatives to sanctions-hit Iranian oil and the prospect of a revival in demand as Greece edged closer to a bailout deal.
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