Sensex Ends Week Above 15K; Gains 414.99 Pts

Sensex Ends Week Above 15K; Gains 414.99 PtsDomestic as well as worldwide factors combined to gave strength to the Bombay Stock Exchange sensitive index, Sensex, which marked its closure at nearly a ten-month high of 15103.55 on Friday after making a gain of 95 points.

IT, capital goods and the auto sector remained in limelight, while FMCG and realty went down.

The stock market belled the day with a gain of 31.56 points, at 15,040.24 on Friday following global signals.

After trading in the green for few minutes, the index dropped into the pessimistic zone and soon returned into the positive and continued to trade higher amid volatility.

During the noon trades, the Sensex gained force and hit an intraday high of 15,257.30.

Before the one hour of the market closure, it pared some of it gains to finally mark its closure marginally higher.

Domestic institutional investors remained heavy sellers in equity for the second consecutive day regardless of recovery signals in the Indian economic system and the administration’s reforms plan in key segments including financial, infrastructure and real estate.

FIIs on Friday made total investment of Rs 831.95 crore in the domestic stock market, taking their total inflow to more than Rs 2,000 crore in the week and assisting the BSE's benchmark Sensex to stay above 15K.

On the other hand, the 50-share National Stock Exchange index, Nifty, surged by 14.25 points to end the week at 4586.90, after touching the day’s high of 4636.85.

BSE Midcap and Smallcap index dropped 0.67% and 1.02% respectively.

Among the sectoral indices, BSE IT, Capital goods and Auto rose over 2% each, Consumer durables moved up 0.78%, while FMCG dipped 2.34% and Realty down 2,12%.

Global markets traded higher on fresh indications of upturn in the financial system after the U.S. unemployment insurance declined for the first time during the last five months and the European Central Bank kept its benchmark interest rate at 1%.

“The market (BSE) was looking to take a correction as the frontline stocks are looking tired, but the market got a boost from the President’s assertion that the reforms would be given priority,” SMC Global Vice-President Rajesh Jain said.

The 30-share index included Grasim Industries (6.06%), Tata Motors (5.31%), Bharat Heavy Electricals (5.30%), Larsen & Toubro (4.35%), Infosys Technologies (3.91%), and Tata Power Company (3.82%).

During the week, the 30 share index, Sensex surged 414.99 points to 15,103.55, whereas the broad based NSE Nifty surged 137.95 points to 4,586.90 in the same period.

Ending its three-day losing streak, Indian currency recovered by nine paise to 47.11/12 versus US dollar on Friday on continued rally in equity markets and fresh capital inflows.