India Meteorological Department (IMD) said in its daily monsoon update showed that the Southwest monsoon has been further advanced into remaining parts of North Arabian Sea. For the country as a whole, the cumulative rainfall during this year's monsoon season was 24 percent above the Long Period Average (LPA) until June 24.

Short-covering in view of expiry of futures and options June contract on June 25 also boosted the market sentiment. The benchmark BSE index marked its highest close in a month on Thursday, as mortgage lenders such as Housing Development Finance Corp rose on hopes the government's push on housing would aid income.

Indian shares edged lower on Friday as private lenders retreated after the central bank's stress tests showed a significant jump in bad loans for the sector, but indexes still posted a second consecutive week of gains.

Sensex resumed higher at 27,427.19 and hovered in a range of 27,968.75 and 27,417.03 before ending at 27,811.84, showing a gain of 495.67 points or 1.81 percent.

Sensex has gained 1,386.54 points or 5.25 percent in the two weeks. The Nifty also rose by 156.15 points or 1.90 percent to 8,381.10. It has gained 398.20 points or 4.99 percent in two weeks.

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