Mumbai: The Sensex on Friday gained 272 points to 16,949.83, its highest in a week, amid hopes that central banks globally, including RBI, may take steps to avert a worsening Eurozone crisis that is likely to take a new turn after the highly-anticipated weekend polls in Greece.

The BSE benchmark index remained in the positive terrain mostly and closed higher by 271.95 points or 1.63 percent, helping it log its second straight week of gains, amid fund inflows in auto, banking and realty blue-chips.

The market received further support on firming trend in the Asian region and higher opening in European indices that tracked 1.2 percent gain in American stocks on Thursday.

"Markets ended the day surprisingly strong... there were reports that Central Banks in the developed world are ready to help contain any negative fallout of Greek elections," said
Dipen Shah, Head of Fundamental Research, Kotak Securities.

In the 30-share Sensex, 27 scrips ended higher led by Tata Motors which rallied 5.75 percent on Friday after suffering its biggest drop in two weeks on Thursday.

ICICI Bank, HDFC Bank and SBI closed with 1-3 percent gains. In the auto pack, Maruti Suzuki, M&M and Hero MotoCorp ended 2.3-2.7 percent higher. Index heavyweights ITC,
Reliance and Infosys gained in the 1-1.6 percent range.

Realty stocks also attracted buying on expectations that a cut in interest rate would boost home sales. RBI is widely expected to cut lending rates in its June 18 policy review.

"All eyes are on the Greece election outcome on Sunday which will shape the likely future of Eurozone," said Shanu Goel, Senior Research Analyst, Bonanza Portfolio.

The 50-share NSE index Nifty rose by 84.30 points, or 1.67 percent to 5,139.05, after toucing a high of 5,146.20.

Meanwhile, the rupee after closing weak at 55.80 a dollar on Thursday was last trading on Friday at 55.71.


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