The BSE benchmark Sensex on Friday jumped by 245 points to a one-week high of 27,371.84 as investor sentiment got a boost from government estimate of 5.5 per cent economic growth this year amid strong global cues.
The 30-share BSE index resumed strong tracking Asian indices and remained in the positive terrain throughout the day as investors scrambles to grab shares IT, metal, oil&gas, capital goods, teck and power shares.
The benchmark index finally settled at 27,371.84, up 245.27 points or 0.90 per cent from its previous close, extending gains for the second day in a row. On Thursday, it had soared by 416.44 points or 1.56 per cent.
The 50-issue NSE Nifty also firmed up by 65.90 points or 0.75 per cent to end above 8,200-mark at 8,220.35.
In all, 21 out of 30 Sensex scrips gained while others finished with losses. ICICI Bank was at 2.95 per cent, Hindalco 2.64 per cent, Coal India 2.49 per cent, Wipro 2.33 per cent, Tata power 2.27 per cent and RIl 2.26 per cent were the biggest gainers.
"Strong recovery seen in US and European markets as well as in Asian markets was a strong reason for today’s market performance.