The Bombay Stock Exchange benchmark Sensex continued its losing streak for the six straight session on Tuesday and lost 480 points in early trade on all-round selling by foreign funds after the collapse of US investment bank Lehman Brothers led to a turnmoil in global stock markets amid depreciating rupee.

The Bombay Stock Exchange benchmark Sensex gained for the second straight day on Thursday on continuing buying support in heavyweight stocks, particularly Reliance Industries.

After the meltdown on Monday, the benchmark Sensex dropped another 338 points, stretching the downward trend for the fourth day in a row, with banking stocks sliding on reports of ICICI Bank reporting a market to market loss of 264.34 million dollar.

Finance Minister of India P Chidambaram has said that a weakness in Indian stock market was a reflection of global developments, and the domestic economy continues to be strong.

The Bombay Stock Exchange benchmark Sensex went up by 122 points in early trade on sustained buying by funds in heavy-weight stocks, despite weak global trend.

Tracking firm global trend, the Bombay Stock Exchange benchmark Sensex opened 247 points higher in early trade on emergence of buying by funds in heavy-weight stocks.

Stock market barometer BSE Sensex today registered its biggest one-day gain of 893.58 points to settle at the third-highest level ever on buying by investors in bank counters and blue chips such as Reliance Industries.

Indian stock markets touched record highs this week as foreign investors pour massive funds into one of the fastest-growing economies in the world. But as Anjana Pasricha reports from New Delhi, there are concerns that the sharp rise in the markets could lead to volatility.

The benchmark Sensex and Nifty touched their historic highs during the week under review notwithstanding, the market moved southwards on SEBI's proposal to restrict foreign fund inflows in equity markets, snapping 8-week unprecedented bull run.

The benchmark Sensex crashed by 717 points to close below the 18,000-point mark on panic selling by funds following rumours of uncertainty on the political front.

The stock market again came tantalizingly close to the 18,000-mark in sustained volatility during the morning trading on encouraging global trend and consistent FII inflows.

The benchmark Sensex today regained its upward march by rising over 170 points on the Bombay Stock Exchange on revival of buying by funds in bank and cement stocks.