Sensex tops 58,000 in best week since May, completes 10,000-pt rise in 2021

FPIs on Friday bought shares worth nearly Rs 770 crore, taking their weekly buying tally close to the Rs 7,000 crore mark

India’s benchmark indices posted their best weekly gains in over three months as overseas investors intensified their buying, encouraged by dovish commentary by the US central bank.

The Sensex surged 3.6 per cent during this week — the most since the week ended May 23 — to end at 58,130. The index notched its 38th fresh record close for the year. The Nifty50 index closed at 17,324, rising 0.5 per cent on Friday and 3.7 per cent for the week after gaining in four out of the five trading sessions.

The Sensex on Friday completed its 10,000-point climb (a 21.4 per cent