Mumbai: Buoyed by higher earnings by L&T and Tata Power and firming European markets, the BSE benchmark Sensex on Friday gained by nearly 185 points to close at 18,326.09.

The 30-share barometer shuttled in the range of 18,429.47 and 18,161.38 before closing at 18,326.09, up 184.69 points. The two-day surge is a breather for investors after a series of downfalls recently.

In a similar trend, the broad-based National Stock Exchange index Nifty also went up by 58.25 points to 5,486.35.

Brokers said an upswing in the US markets on Thursday followed by a firming start in European stocks bolstered the trading sentiment.

The capital goods sector index gained the most by 2.31 per cent to 13,195.16, as Larsen and Tourbo stocks surged by 3.57 percent, extending Thurday’s 5.8 per cent jump.

Brokers said L&T attracted after registering handsome quarterly and yearly earnings attracted good buying support. Tata Power was another leading gainer at 1.67 per cent.

Pharma major Wockhardt also rose by 5.66 per cent after it turned to a profit quarter ended March 31 from losses a year-ago.

Blue-chips Reliance Industries and Infosys Technologies too ended the day higher. RIL rose by 0.71 per cent and Infosys by 0.15 per cent.

Recently bashed auto, healthcare, power, realty, metal and banking counter also saw some buying activity. Analysts said falling commodity prices easing inflationary encouraged institutional investors to turn to stocks.