Infosys started the earnings season on a positive note with an upward revision of its dollar revenue guidance which mainly boosted the market sentiment.
Sustained capital inflows from foreign funds was another factor behind the rise in Sensex. They invested net Rs 3,133.45 crore during the current week including the provisional figure of October 11, as per the data issued by the stock exchanges.
The Sensex resumed lower at 19,880.94 and fell further to 19,647.88 on initial profit-booking from operators. However, it recovered afterwards to 20,559.69 before ending the week at 20,528.59, showing a smart gain of 612.64 points or 3.08 percent. It has gained 801.32 points or 4.06 percent during the two weeks.
The NSE 50-share Nifty also rose by 188.90 points or 3.20 percent to end at 6,096.20. It gained 263 points or 4.51 percent in last two weeks.
"Sentiment was boosted by positive global markets as investors hoped the US will soon reach some conclusion regarding government shutdown," said Rakesh Goyal, senior vice president at Bonanza Portfolio Ltd.


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