During the week ended June 04, the BSE Sensex gained 254.63 points to 17,117.69.

In contrast, the broad-based Nifty surged 68.95 points to 5135.50 in the same period.

Sturdy sales of automobiles and cement during the last month and healthy GDP growth data for Q4 March 2010 encouraged the overall mood of the stock markets that, in turn, extended gains for the second successive week.

According to facts released by the government on 31 May, the country's financial system grew at 8.6% during March 2010 quarter on account of robust manufacturing segment due to government and consumer spending.

The manufacturing segment increased by 16.3%, farm output surged 0.7%, mining segment rose expanded 14% and services boosted by 8.4% in January-March 2010.

On Monday, the India Meteorological Department (IMD) had informed that the monsoon arrived at the southern coast.

Bourses commenced the week positively. Key benchmark indices made gains in a choppy trade on Monday owing to strong GDP numbers. The key benchmark indices saw a severe setback on Tuesday, as slump in Chinese manufacturing growth pulled world stocks sharply lower. On Wednesday, strong auto and cement sales during the last month and buzz of strategic stake sale in RCom helped domestic bourses shrug off weak global stocks on Wednesday.

The key benchmark index surged on Thursday, as strong US housing data and positive services sector data in India for May 2010 boosted risk appetite. Key indices reversed earlier losses to end higher Friday, tracking intra day recovery in Asian markets.

Among sectoral indices, the BSE Auto index surged 4.45% followed by BSE FMCG index, which gained 3.64%, BSE PSU index 3.13%, BSE Healthcare index 2.12%, Bankex index 1.86% and BSE IT index remained up by 1.84%.

The BSE Oil and Gas index also rose 1.36 per cent, followed by BSE Capital Goods index by 1.07 per cent, Power index by 0.54 per cent, BSE Consumer Durables index by 0.50 per cent, but Realty index was down 0.73 per cent and BSE Metal index eased 2.10 per cent, underperformed the Sensex. (With Inputs from Agencies)