In the process, the index regained the psychological 23,000-mark. For the week, the Sensex declined 554.85 points, or 2.34 percent, and the Nifty 181 points, or 2.51 percent.

The beginning of March derivatives contracts and positive global  cues made investors more confident. Early on, the 30-share barometer recaptured the 23,000 level, but soon succumbed to profit-booking before closing higher by 178.30 points, or 0.78 percent, at 23,154.30.

The gauge had lost 812.79 points in the previous three sessions. At the close, the broader NSE Nifty was above the key 7,000-mark at 7,029.75, up 59.15 points, or 0.85 percent,.

During today's session, the Nifty shuttled between 7,052.90 and 6,985.10. The Survey estimated growth at 7-7.75 percent for the next fiscal while pressing for more reforms, subsidy cuts and sticking to the fiscal consolidation plan.

During April-November, FDI into the country rose 31 percent to USD 24.8 billion, the Survey added, which lifted sentiment.

Major gainers that supported the key indices were Coal India, SBI, NTPC, L&T, Axis Bank, ITC Ltd, HDFC Bank, Tata Motors, HDFC Ltd, Cipla, M&M, Infosys, Adani Ports, ICICI Bank, BHEL, RIL and Hindustan Unilever.

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