Buy or sell, Feb. 8 -- The Indian stock market ended on a positive note on Friday, February 6, led by buying interest in select heavyweight stocks such as ITC, Kotak Mahindra Bank and ICICI Bank.

The Sensex gained 266 points, or 0.32%, to settle at 83,580.40, while the Nifty 50 advanced 51 points, or 0.20%, to close at 25,693.70.

According to market experts, both benchmark indices advanced on short covering in select heavyweight stocks amid mixed global cues. Although the growth-focused Union Budget and India's trade agreements with the European Union and the United States have strengthened the country's macroeconomic outlook, uneven quarterly earnings and continued foreign fund outflows are keeping investor sentiment cautious.

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