The Indian equity market regained momentum and rose more than 2 percent in the week ended on Friday. The stocks rose ahead of the festival season, supported by positive global cues, healthy earnings, slower selling by foreign institutional investors and buying in largecap and PSU banking stocks.

For the week, the  BSE Sensex added 1,387 points or 2.4 percent to end at 59,307, while the Nifty gained 390 points or 2.3 percent to close at 17,576 levels.

In the broader market, the BSE Mid-cap Index and the Small-cap index ended almost flat.