The BSE Sensex, which has lost 661 points since last Friday, rose by 440 points or 2.79 per cent to close Friday at 16,232.54. The rally experienced by both the US and the Europe markets during the last two days, as well as the European Central Bank's move to boost liquidity in its banking system, gave Indian stocks a leg-up.
The Nifty opened at 4,883.65 up 132.35 points while the Sensex opened at 16,222.49, up 430 points. The Nifty ended the day, up 136.75 points, at 4,888.05. FIIs were net buyers at Rs. 491 crore as were domestic institutions at Rs 19.41 crore. The BSE metal index was the best performer, up 5.39 per cent, followed by banking index, up 3.88 per cent. Realty index rose by 3.44 per cent.