IT lifts Sensex to 2-month high, index gains 5.2% this week

Indian equity benchmarks surged to a 2-month high closing on Friday, wrong footing traders yet again and flummoxing investors, many who are still betting on a near term downtrend in share prices.

The 30-share Sensex closed at 18,815.64, up 464.90 points or 2.53% over its previous close. It had touched a high of 18,858.30 earlier in the session. The 50-share Nifty closed at 5,654.25, up 131.85 points or 2.39% over the previous close. IT, banking, capital goods and realty shares were the star performers of the day. There could be any number of reasons for Friday