Mumbai: The Bombay Stock Exchange benchmark Sensex gained over 95 points on Friday on sustained FII buying in bluechips led by RIL and banking stocks on better than expected third quarter corporate earnings.

The Sensex, which had gained 192 points in the previous session, moved up by another 95.27 points to 16,739.01.

Similarly, the 50-issue NSE index Nifty rose 30.20 points, or 0.60 percent to 5,048.60 with.

Brokers said investor confidence improved further as IT major Wipro reported 10.4 percent rise in profits for the October-December quarter. Wipro rallied 2.38 percent.
    
Reliance Industries, the top heavyweight on the Sensex, gained 1.04 percent ahead of the quarterly earnings results.
    
Another index heavyweight ICICI Bank, the second-largest private lender, rose 5.81 percent, while the State Bank of India gained 2.55 percent.
    
Market sentiment was supported by gains in Asian stocks amid hopes that the euro-zone debt crisis may be moving towards a resolution, and strong earnings posted by US banks, brokers said.

(Agencies)