Sensex posts biggest weekly gain in 3 months

The BSE Sensex rose for a fifth consecutive session on Friday to post its strongest weekly gain in three months after blue-chips surged, including Tata Motors which rallied to a record high, on heavy buying by foreign investors.

Foreign investors have been net buyers of cash shares in each of the previous 10 sessions, with net inflows totalling around $600 million, exchange and regulatory data show.

The strong buying has allowed the Sensex to gain 2.95 per cent in February, while the Nifty ended up 3.1 per cent, their biggest monthly gain since October 2013. The Sensex rose 0.63 per cent, or 133.13 points, to end at 21,120.12, while rising 1.8 per cent to record its second consecutive weekly gain. The Nifty rose 0.61 per cent, or 38.15 points, to end at 6,276.95, also up two per cent for the week.