The gains were sustained due to stable currency, improved domestic macro factors and sliding crude which foiled the ripple effect of the much-awaited US Federal Reserve interest rate hike announcement during the week.

Most of the week's trading momentum was marked by soothing domestic macro data led by surging industrial production figures (IIP), while rallying European stocks amid Fed rate hike assuaged by dovish comments from its chief Janet Yellen, helped the market gain.

Besides, value buying amid slight rebound in crude oil prices supported the market. The reassuring statements from Finance Minister Arun Jaitley that the proposed Goods and Services Tax (GST) rate would be less than 18 percent and on likely scrapping of 1 per cent additional tax, lifted the corporate sentiment.

Additionally, metal stocks gained on imposition of anti-dumping duty of up to 57.39 percent by the government. Fitch Ratings' statement that India is not immune to potential market jitters following an interest rate hike by the US Fed, but favourable growth outlook makes it attractive for foreign investors, also boosted the momentum. The Sensex resumed lower at 24,935.60 and hovered between a high of 25,831.31 and a low of 24,867.73 before finishing the week at 25,519.22, showing a gain of 474.79 points, or 1.90 percent.

The 50-share NSE Nifty also gained 151.50 points, or 1.99 percent, to 7,761.95. Across the spectrum buying was witnessed in metal, power, realty, healthcare, oil & gas, consumer durable, technology, auto, IT, banks, capital goods and FMCG sectors.

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