The 30 shares index- BSE Sensex gained over 350 points on Friday (July 4) led by Realty, Consumer Goods, Power and Banking stocks.

The index performed well in spite of depressing global cues and high inflation numbers. Heavy buying action was seen across key stocks.

The Sensex closed the week after making a gain of 359.89 points at 13,454.00. It also touched a high of 13,509.74 and a low of 13,027.79 during the day. The broad-based NSE Nifty ended the week at 4,016.00, up 90.25 points, after hitting a high of 4,033.50 and a low of 3,896.40.

For the week ended June 21, inflation rate climbed up to 11.63 percent, as against 11.42% during the last week. The wholesale price index-based inflation has continued its rise regardless of attempts being taken by the administration and the central bank to tame prices through fiscal as well as monetary measures.

Fueled by increasing food and commodity prices, this will be the 19th straight week that inflation rate has been rising above 5.5%, RBI’s target by the end of the fiscal year in March 2009.

The overall market breadth was positive as it experienced 1,696 progression as compared to 898 declinations.

All sectoral indices at BSE closed positively, except BSE Metal, which fell 0.63%. BSE Realty, which gained 7.80%, Consumer Goods surged 6.79%, Power climbed 6.10%, Consumer Durables zoomed 3.15% and Bankex climbed up 3.06%.

Most active counters on the bourses were Reliance Communications (12.50%), Jaiprakash Associates (10.65%), DLF (8.56%), Bharat Heavy Electricals (7.43%), Reliance Energy (7.21%), and Larsen & Toubro (6.53%).

On the other hand Tata Steel (2.64%), Cipla (1.7%), Tata Consultancy Services (1.3%), Wipro (0.17%) were the major losers at the Sensex.