The Stock Market advanced for a second consecutive week as gains IT Stocks including Reliance Industries and Infosys Ltd and propelled indices higher, aided by strong global sentiments. 

For the week, BSE Sensex climbed 2.48 percent, and it closed little changed on Friday at 36,541.63. The Nifty50 Index of National Stock Exchange rose 2.3 percent, to be its best weekly rally in over a year, to end the index at 11,018.90. 

The Nifty rally was led by Reliance, HDFC, HDFC Bank and IT stocks, however broader indices underperformed. 

Reliance Industries emerged as the biggest gainer of the week, by rising over 12 percent. 

India's largest IT company TCS, on July 10, reported a 15.8% growth in consolidated revenue for the Q1FY 2018-19, while the other IT major Infosys Limited reported an increase of 3.5% y-o-y in the net profit to Rs 3,612 crore for the April-June of the FY 2018-19 on Friday, July 13, 2018.

The Retail Inflation based on CPI stood at 4.87% as against 1.46 percent that was in June 2017. Retail inflation hits 5% and Index of Industrial Production (IIP) growth drops to 3.2%, slowest in 7 months.

Crude oil prices fell sharply through the week after Libya re-opened four oil export terminals.