Bulls, supported by strong worldwide stock markets, continued to have an advantage at the Indian equities markets for the fourth successive trading week closed on Thursday (March 02), with Sensex surging around 3 per cent from its last week’s closure.

On Friday (March 03), stock markets remained closed on account of Ram Navami.

The 30-share index BSE Sensex, on Thursday, closed with a gain of 300.34 points at 10,348.83 as against its e previous week's close of 10,048.49 points.

In the same way, the S&P CNX Nifty of the National Stock Exchange (NSE) surged 3.3% from its last close to end at 3,211.05 points.

The BSE madcap and smallcap index closed the week after gaining 6.52% and 6.14% respectively.

Jagannadham Thunguntula, equity head at SMC Capitals, said, “This weeks's rally has been quite healthy and we are now about 30 percent up from the lowest level but one needs to be cautious and not get carried away.”

“Whenever markets recover, people tend to enter in a big way thinking that the uptrend has begun, but that is not the case always,” Mr. Thunguntula added.

Markets started the week on a negative note aping their global peers, with the Sensex falling 480.35 points or 4.78 percent at 9,568.14 points.

The Nifty did no better and lost 4.2 percent from its last close to shut shop at 2,978.15 points.

Bulls made a comeback of sorts Tuesday with the Sensex gaining 1.47 percent or 140.36 points from Monday's close to close at 9,708.50 points.

Similarly, the Nifty gained 1.44 percent over its last close to end trade at 3,020.95 points.

Wednesday witnessed Indian equities markets go up higher as investors purchased lower valued realty, IT and oil and gas stocks.

Sensex zoomed 193.49 points to end at 9,901.99 points, whereas the Nifty climbed 1.47% to end at 3,065.45 points.

Throughout the week, worldwide stock markets remained as a support for its Indian peers as government heads throughout the world met at the G20 summit in London to take major steps to increase demand.

Data with market regulator SEBI for the week ending Thursday showed foreign funds were net sellers, shedding scrips worth $255.8 million.