It was noticed that the India’s benchmark stock index increases for this week. It was reported that the country’s second-biggest software maker, Infosys Limited receives quarter of their orders from Europe. Yesterday, the leaders have announced $229 billion in new aid for Greece after an eight hours discussion in Brussels. They are trying to prevent the spreading of crisis.

“We have decided to increase allocations to India in the past three to four weeks. There could be weak days as we navigate markets with news flow from Europe and the U. S., but we do not see a significant downside to India and emerging markets. The market has pretty much bottomed out,” says Sam Mahtani, who helps oversee $6 billion in assets as the director of emerging-market equities at U. K.-based F&C Asset Management Plc.

The Bombay Stock Exchange (BSE) Sensitive Index has risen by 286.11 or 1.6% to 18,722.30 in Mumbai at the 3:30 p. m. The gauge has increased by 0.9% this week. The index has declined 8.7% in this year.

India’s second-biggest lender, ICICI Bank Limited has added 2.6% to 1,068.05 rupees whereas Housing Development Finance Corp. (HDFC) has risen by 1.3% to 707.85 rupees. The nation’s biggest maker of sport-utility vehicles and tractors, Mahindra & Mahindra Ltd. (MM) has reached 3.1% to 724.35 rupees while Bajaj Auto Ltd. (BJAUT) has added 2.1% to 1,448.55 rupees.