Sensex ends at fresh closing high, posts biggest weekly jump in a year

This week saw biggest weekly jump in almost a year

The Indian markets on Friday posted their seventh straight weekly advance-longest winning streak since February 2012— as companies continue to report strong earnings for the December 2017 quarter.

The benchmark Sensex gained 919 points, or 2.7 per cent during the week, biggest weekly jump in nearly a year, buoyed by government's move to cut additional borrowing and hopes of higher foreign direct investment in the banking sectors. The Nifty gained 304 points, or 2.85 per cent. The broader market, however, underperformed with the BSE 500 index gaining only 0.62 per cent. In the past seven weeks, the Sensex has rallied 2,679