Sensex shoots up 180 points on Friday
Shares on the key Bombay index surged 2.9 per cent on Friday to a three-week closing high on better-than-expected earnings from India's biggest commercial bank and its top cement producer.
The 30-share Bombay Stock Exchange index -- Sensex ended up 179.66 points or 2.88 per cent at 6,419.09 points. The index gained 3.8 per cent on the week but is down 2.8 per cent this year.
"Buying interest is coming back on the good earnings we've had and the frontline stocks are all gaining," said chief executive of Parag Parikh Financial Advisory Services, Nimish Shah.
"Expectations are also building ahead of the Budget."
The Budget will be unveiled at the end of February.