Sensex, Nifty post fourth straight weekly rise; Dr Reddy's rises over 3%

The benchmark Sensex and the Nifty indices logged their fourth straight weekly advance on Friday. Positive global markets amid growing optimism that rising inflation will prove transitory helped investors mount bullish bets.

After rising 341 points, the Sensex settled 174 points, or 0.33 per cent, higher at 52,475. The Nifty closed at a new record of 15,799, with a gain of 61.6 points, or 0.4 per cent. The weekly gain was a modest 0.3 per cent as the Bank Nifty index ended the week with losses, snapping a three-week gaining streak.

Dr Reddy’s was the top gainer in the Sensex pack on