Mumbai: The BSE Benchmark started
the holiday truncated week with heavy gains, as both indices
made fresh highs on positive trade data and encouraging
comments from the IMF chief on the outlook for Indian economy
cheered investors. Sentiment was also cheerful ahead of Diwali
festival.
However, after gaining a bullish momentum, the indices
started consolidating on Tuesday, the Nifty ended almost flat
while the Sensex ended in red and on Wednesday the Nifty
observed some heavy distribution as it gained one distribution
day, while the Sensex posted a loss of almost 25 points.
The Sensex and the Nifty, both, attained new record
high levels during the week. Key indices declined marginally
in two out of three trading sessions.
In the week ended on Wednesday, the Sensex rose 151.66
points or 0.47 percent to settle at 32,584.35. The Nifty 50
index rose 43.40 points or 0.43 percent to close at 10,210.85.
Broader indices also extended their gains this week,
as the Nifty Midcap and the Smallcap indices advanced 0.94 per
cent and 0.81 per cent, respectively.
Buying was led by oil&gas, realty, metal, power, FMCG,
auto,healthcare,teck and capital goods sectors, well supported
by second line shares of mid-cap and small-cap companies.
Selling were led by banking, IPO, IT and consumer
durables counters.
The benchmark Sensex has gained 4,642.84 points, or
16.61 per cent, in the Hindu Samvat year 2073, while the
broader NSE Nifty rose 1,572.85 points, or 18.20 per cent
during this period.
In a special Muhurat trading session on Thursday,
benchmark Sensex surrendered initial rise to end over 194 pts
down at 32,389.96 to mark the start of Hindu Samvat year 2074.
Banking stocks led the fall, as participants booked
profits to write their first entry with gains on the first
session of Samvat 2074.
The broader NSE Nifty too dipped below the 10,200-mark
in the special one-hour Muhurat session.
The bourses remained closed on Friday for 'Diwali
Balipratipada.
