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Mumbai, July 18 The benchmark indices, the Sensex and the Nifty, moved up around 4 per cent on Friday prompted by a sharp fall in crude and lower-than-expected inflation numbers.

The overnight NYMEX closing price of crude oil future contracts for August delivery at $129.29 boosted investor sentiment.

Friday’s trade was marked by short covering — especially in financial, realty, oil and gas and capital goods sectors — as inflation seemed to stabilise, said an analyst.

It was the second consecutive 500-plus points gain for the Sensex, which closed at 13,635, up by 523 points over the previous close.

The Sensex had gained 536 points on Thursday.

However, the BSE Mid-cap index registered a fall of 2.35 per cent over the last week, against the Sensex gain of 1.23 per cent.

On Friday too the Sensex stocks gained more (3.99 per cent) as compared to BSE Mid-cap (1.63 per cent) and Small-cap (1.08 per cent) shares.

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