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Climbing for the fourth consecutive session, the 30-share BSE sensex set 997.46 points, or 3.05 percent, highest at 33,717.62.
During the holiday shortened week, the sensex collected 2,390.40 points, or 7.63 percent.
Led by improved sentiment, the market capitalization of companies listed on the EEB earned Rs 7.68,168.35 crore to Rs 1.29.41,620.82 crore in four business days.
“This week’s markets rebounded from the lows seen in March 2020. After almost a month of closure worldwide, the first signs of easing along with some signs of the flattening of the COVID-19 curve stimulated the hope that economic activity would resume, albeit at a slow pace. Some promises of a possible cure with positive preliminary results for some drugs also raised hope and optimism, “Shibani Sircar Kurian, executive vice president, fund manager and chief (capital investigation) of Kotak Mahindra Asset Management Company, he said.
ONGC was the top winner in the sensex package, up 13.40 percent, followed by HCL Tech, Hero MotoCorp, TCS, Maruti and Infosys.
In the broader market, the BSE Midcap and Smallcap indices rose as high as 1.46 percent.
The BSE metals index rose 8.27 percent, followed by automobiles, IT, teck, and oil and gas.
“Indian markets had a hot streak on the last trading day of the week, fueled by encouraging results from drug trials in the United States to treat COVID-19,” said Ajit Mishra, vice president (research) of Religare Broking Ltd.
In BSE, 1,342 companies advanced and 1,093 declined, while 171 remained unchanged.
