Photograph:( Zee News Network )
Sensex and Nifty closed on a high due to gains in global equities, as investors bought shares of recent underperformers such as pharma and financials.
The BSE Sensex jumped 322.65 points to close at 34,142.15 ending 0.39 per cent higher for the week.
Nifty rose 108.35 pts to 10,491.05 gaining 0.37 per cent.
In addition, the rupee rising to to 64.76 against the US dollar (intra-day) and sustained pumping of funds by DIIs also supported the recovery.
The Sensex hit the session's high of 34,167.60, but finally, the gauge settled higher by 322.65 points, or 0.95 per cent, at 34,142.15, a level last seen on February 15.
The index had shed 25.36 points in the previous session.
The broader NSE Nifty also stayed in the positive zone and touched a high of 10,499.10 before closing 108.35 points, or 1.04 per cent, higher at 10,491.05.
For the week, the Sensex recorded 131.39 points, or 0.38 per cent; while Nifty gained 38.75 points, or 0.37 per cent.
Photograph: Zee News Network