The Sensex and the Nifty rose on Friday, to their second consecutive weekly gains, as technology stocks such as Infosys extended a rally this year after data continued to signal a sturdier US economy.
India's software services sector has been among the strongest winners this year and is set to end 2013 on a strong note after Wall Street hit a new peak on strong data from the holiday shopping season and a fall in initial jobless claims. Foreign institutional investors (FIIs) remain buyers of domestic shares, with a net purchase of Rs 744 crore on Thursday, bringing the monthly total so far to around $2.5 billion.
The Sensex closed up 0.56 per cent, or 118.99 points at 21,193.58, gaining 0.54 per cent for the week. The Nifty ended higher 0.56 per cent at 6,313.80, marking a 0.63 per cent gain for the week. That marked the second consecutive weekly gains for both indexes.