Brokers said sentiment improved after investors bet on the US Fed to raise rates in December but proceed cautiously with any further tightening thereafter. The 7th Pay panel report, which was submitted yesterday after market hours, buoyed investors, which recommended 23.55 percent hike in pay and allowances for government employees.

The 30-share Sensex was in the grip of profit booking initially, but recovered on the back of across-the-board buying in blue-chips and closed higher by 26.57 points, or 0.10 percent, at 25,868.49. The gauge had gained 359.40 points yesterday.

The broader Nifty ended at 7,856.55, up 13.80 points, or 0.18 percent, after trading between 7,817.80 and 7,906.95 intra-day. For the week, the Sensex added 257.96 points, or 1 percent, and the NSE Nifty 94.30 points, or 1.21 percent – their best weekly performance since October 9.

In 30-Sensex kitty, GAIL emerged as the top gainer, up 10.07 percent. Wipro, Dr Reddy's, Cipla and Vedanta too advanced. Sectorally, oil and gas hogged the limelight by rising 2.05 percent, followed by capital goods, IT and technology.

Latest News  from Business News Desk