Maintaining the winning streak for the fourth session, good monsoon prospects and favourable macroeconomic data catapulted Nifty to settle comfortably at 7,850 levels.
Strength among the global peers amid rally in commodity and crude oil prices on reports of an Russia-Saudi Arabia agreement to freeze output, further buoyed sentiment.
"A strong comeback from Nifty and many sectors were seen in this week.
Especially at a time when the results season would kick start, it is interesting to see such strong momentum in the indices.
Nifty is also nearing its 200 DMA now (7872 levels), however with this strong momentum, it could probably be taken out early next week.