The Bombay Stock Exchange benchmark Sensex on Friday clocked the sharpest rise in the last seven weeks on funds buying blue-chip stocks led by the realty and banking sectors. The Sensex, which rose 183 points in the previous day's trading, surged further by 412.86 points to 8,756.61, the most remarkable rise since 27th January, as financial stocks gained significant ground after Bank of America said "it's profitable".The key index tested a high of 8,793.21 points. The broad-based National Stock Exchange index Nifty also rose by 101.80 points at 2,719.25, after touching the day's high of 2,726.15 points. The banking index lent support to the market by gaining 5.85 per cent to 3,973.85 as ICICI Bank, the second-biggest bank, surged for a second day, at more than 8.60 per cent. Automobiles Major Tata Motors rise by 11% after the news of new Defence Deal and Tata Nano's Lauch date.
Positive opening in European Market support the market at end of day and close 412 Point high.
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