Sensex climbs to 14-month high on FII ladder

 Key benchmark indices on Friday capped the week with almost a one per cent gain on the last trading session of the second quarter of this fiscal even as market sentiment was boosted by data showing foreign funds remaining buyers of domestic stocks on the previous session.

The popular Sensex jumped 183.24 points or 0.99 per cent to settle at 18,762.74, its highest closing level since July 25, 2011. It jumped 290.44 points at the day's high in mid-morning trade, from 119.01 points at the onset of the trading session.

FIIs bought shares worth net Rs 635.10 crore from secondary equity markets on Thursday, as per SEBI data. Metals, power and infrastructure shares surged up, while stocks in the IT and realty spaces ended lower.

The 50-unit S&P CNX Nifty at NSE grew 53.80 points or 0.95 per cent to 5,703.30, its highest closing level since July 7, 2011. The index hit a high of 5,735.15 and a low of 5,683.45 in intraday trade.

Investor sentiment on D-Street was buoyant on expectations of further initiatives on core reforms as the Supreme Court opinion on the Presidential Reference also soothed sentiments.

Among the broader markets, the BSE Mid-Cap index rose 1.14 per cent and the BSE Small-Cap index gained 0.85 per cent.