Assumptions of sturdy first quarter corporate results, inclining amendment in India's GDP growth predictions by the International Monetary Fund and renewal of monsoon pressed up the BSE-yardstick Sensex pointedly by 373 points in the week.

The IMF toasted India's development predictions for the year 2010 to 9.5 per cent, expressing that the encouraging financing circumstances and sturdy corporate profits shall speed up the economic growth. The IMF feels that India's economy shall grow by 8.5 per cent in 2011.

Further the Asian and European stocks crushed up trailing gains on Wall Street, which was enhanced by jobless assertions declining and a few of big retailers covering sturdy sales.

Revived purchase in sight of market watchdog, SEBI's firmness to curtail disclosure margins for stocks derivatives also bolstered the market reaction.

Moreover the investors are also strictly keeping an eye on the growth of the monsoon rains, important for Indian agriculture. The weather office expressed that the monsoon has progressed into important grain-producing states of Punjab and Haryana and is predicted to slither further.