MUMBAI, India (AP) -- Indian shares soared Friday with the benchmark index rising more than 6 percent, tracking rallies in global markets.
The 30-company benchmark index of the Bombay Stock Exchange, the Sensex, rose as much as 1,158.85 points, or 6.73 percent, to 18,380.59 at the provisional close.
On the rival National Stock Exchange, the 50-share S&P Nifty index was up 6.97 percent at 5,384.45 points at the provisional close.
Analysts said renewed fund buying had boosted the markets.
Among the main gainers were power utility Reliance Energy Ltd., followed by oil company Oil & Natural Gas Corp., or ONGC, and leading bank ICICI Bank Ltd.
Indian markets received a pounding this week with a reprieve Wednesday when the Sensex rebounded after plunging 5 percent Tuesday and sinking as much 7.4 percent on Monday, its second-biggest percentage loss ever.
The market bounced back strongly Wednesday before slipping 2.1 percent Thursday.
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