BSE Sensex rises to highest level since Feb 2008 (Reuters)

Reuters - The BSE Sensex fell more than 2 percent on Friday afternoon, as Europe's sovereign debt, indications of weak U.S.

Equitymaster submits: After a strong start in the morning, sustained buying across index heavyweights led the Indian indices to close well into the positive in the final trading hour. While the BSE Sensex closed higher by around 139 points (up 1%), the NSE Nifty gained around 40 points (up 1%). The BSE Midcap and the BSE Smallcap also notched gains of around 1% each. While gains were seen across sectors, FMCG and IT stocks were at the receiving end.

Equitymaster submits: Intense buying activity across index heavyweights throughout the trading session today ensured that Indian indices closed on a very firm footing. After some hiccups in the early hours of trade, the indices steadily gained ground and kept notching gains as the day progressed. While the BSE Sensex closed higher by around 485 points (up 2%), the NSE Nifty gained around 143 points (up 2%). The BSE Midcap and the BSE Smallcap also notched gains of around 1% each.