Money on the markets

A maturing market amid the mayhem

Sensex extends gains, up 14 pct over 5 sessions


INDIA-MARKETS/The stock market ended 1.1 percent higher on Friday at 13,887, on account of buying by some funds, taking its gains for the week to 14 percent.

The election result has helped in restoring battered investor confidence.

Heavyweight stocks like Reliance Industries, ICICI Bank and L&T led the benchmark rise.

The BSE Small-cap index gained over 3 percent as some small-cap stocks rallied. NIIT gained 23 percent, Zandu Pharma rose 20 percent and NDTV gained 16.95 percent.

In sectors, the capital goods index notched up gains of nearly 3 percent, whereas the Bankex ended 1.8 percent higher.