Mumbai, Feb 17: A benchmark index at Indian equities markets on Friday closed 135 points up, its seventh consecutive week of gains. Robust foreign fund inflows helped markets rise with consumer durables and power stocks leading the gainers pack.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 18,331.2 points, closed at 18,289.35 points, 135.36 points or 0.75 percent up from its previous close at 18,153.99 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also closed higher at 5,564.3 points, up 42.35 points or 0.77 per cent from its previous close.
Overseas funds, which have been the main catalyst for the dramatic rise in Indian equities in 2012, continued with their buying spree.
According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors (FIIs) bought a whopping $444.05 billion on Friday.
FIIs have put in $4.85 billion since the start of the year, having bought equities worth $2.03 billion in January and $2.81 billion till Friday during February.
Broader markets also closed in the green, with the BSE 500 index ending 0.64 per cent up. The BSE midcap index closed flat while the BSE smallcap index slipped 0.21 per cent.
The market breadth was, however, negative with 1,394 stocks advancing, 1,583 on the decline and 119 unchanged.
Prominent gainers on the 30-scrip Sensex included BHEL, up 6.53 per cent at Rs.303.45; Tata Power, up 4.68 per cent at Rs.118.65; SBI, up 2.88 per cent at Rs 2,416.75 and Wipro, up 2.43 per cent at Rs 449.20.
Major losers included Hero MotoCorp, down 3.61 per cent at Rs 2,109.70; Maruti Suzuki, down 2.74 per cent at Rs 1,320; Hindalco, down 2.3 per cent at Rs 151.10 and GAIL, down 1.21 per cent at Rs 380.75.
Asian markets rose on signs that eurozone officials will soon approve a long-awaited bailout for Greece, reducing the risk of a debt default. Positive jobs and manufacturing data, a sign of healthiness in the US economy also enthused investors.
The Japanese Nikkei rose 1.58 per cent to close at 9,384.17 points, while Hong Kong’s Hang Seng moved up 1.01 per cent at 21,491.62 points.
The Chinese Shanghai Composite index closed flat at 2,357.18 points.
European markets were ruling in the green.
Britain’s FTSE 100 was up 0.32 per cent at 5,904.18 points. The German DAX was trading 0.83 per cent higher at 6,807.95 points.
The French CAC 40 was trading 0.92 per cent up at 3,424.4 points. (IANS)