Indian Stock Market showed a strong momentum in the end of August

 The Indian stock market showed a strong momentum in the last session of August. Reliance and Future Group's deal once again dominated all-round buying in the market.Mukesh Ambani-led Reliance Industries has bought retail and related business of Kishore Biyani's Future Group . Now Reliance has added brands like BigBazaar, Central and Brand Factory

Reliance and Future Group's deal has lightened the burden of many banking stocks. Moreover, the impact of the boom in global markets also reflected on the Indian markets. BSE Sensex jumped 407 points, or 1.03 per cent, to 39,864. The Nifty 50 index also jumped 112 points, or 0.96 per cent, to 11,759.

U.S. stock markets gained momentum on Friday. The Dow Jones gained 0.57 per cent, while the S&P 500 index gained 0.67 per cent. The Nesdeck composite jumped 0.60 per cent to end the week.

On Friday, foreign portfolio investors shopped in the Indian stock market, during the last session, net buying shares worth Rs 1004.11 crore in the cash