Bargain-hunting boosts Nifty to best week in 4 yrs

India's benchmark Nifty 50 index logged its largest weekly rise in more than four years on Friday, on signs that foreign investors are coming back to the market and as investors bet the blue-chip indexes have bottomed out after a record slump.

- Reuters

The NSE Nifty 50 gained 0.69% on the day to close at 23,350.4, while the BSE Sensex rose 0.73% to 76,905.51, both six-week closing highs. They rose about 4.2% during the week.

The broader midcaps and smallcaps soared 7.7% and 8.6%, respectively, to register their biggest weekly gains in about five years.

The Indian rupee logged its best week in more than two years.