Mumbai: The Sensex, which has been maintaining a strong position for the last seven days, added up another 63.26 points and touched 15,485.31 in the first five minutes of trading on continuous purchasing by funds.

Indian stock exchanges broadened their gains to the seventh day successively as buying support accumulated energy, and the BSE benchmark Sensex climbed up to a five-week high of 15422.05, an increase of 103.45 points.

The market is mainly driven by sustained purchases by domestic institutional investors that interjected around Rs. 1,400 crore during last week.

Foreign institutional investors (FIIs), however, covered short positions amounting to Rs. 3,907 crore in last four days of August series.

In the same way, the wide-base National Stock Exchange’s Nifty arose 26.45 points to 4,501.20.

Buying activity carried on as funds were bought in heavy-weight stocks that comprised bank, technology and refinery sector.