Indian bourses on Monday extended their gains to the seventh day in a row as buying support gathered momentum and the BSE benchmark Sensex jumped to a five-week high of 15,422.05, a rise of 103.45 points.
  
The market is largely driven by sustained purchases by Domestic Institutional Investors (DIIs), which injected about Rs 1,400 crore during last week. FIIs, however, covered short positions amounting to Rs 3,907 crore in August end. According to market players, FIIs are yet to join the bandwagon but local funds remained net buyers, albeit in select frontline counters. Reflecting the strong trend, the BSE barometer advanced by another 0.68 per cent from Friday’s close of 15,318.60. The Sensex has gained 1,258 points or nearly nine per cent in seven successive sessions since August 24. The seven-day advance is the longest since December 7, 2006.

The broad-based S&P CNX Nifty of the National Stock Exchange (NSE) was up 10.75 points or 0.24 pc to close at 4,474.75 from previous close of 4,464. Heavy weighted counters NTPC, HDFC, BHEL, ICICI, SBI, Maruti Udyog and Infosys were the prominent gainers at close.