The Bombay Stock Exchange (BSE) Sensex closed the week with a marginal gain of 45.39 points at 10,048.

Friday (March 27) turned the second successive day that the 30-share benchmark marked its closure above 10,000-mark.

In actual fact, this was a week of heady gains, which spurts Sensex around 12% (1,081 points) in the last five sessions.

The 30-share-index Sensex is now 25% (2,001 points) up from its recent low of 8,047, which it hit on March 6.

In contrast, the National Stock Exchange’s (NSE’s) S&P CNX Nifty index also posted gains and zoomed 0.86% or 26 points to end the week at 3,108.

Anand Rathi Securities’ Head of Research Tarun Sisodia said, “The 3,150 level is crucial for the Nifty as markets have faced severe resistance at this point earlier too. However, if this point is crossed and global markets remain supportive, then the Nifty could rally to 3,400 levels.”

Trading on BSE was risky on Friday as the Sensex dropped 123 points during the early trading hours, but it recovered later.

The Sensex fell down due to profit booking seen across blue chip stocks including Reliance Industries (RIL) and Infosys Technologies. Reliance closed the day after losing 1.18% at Rs 1,548, while Infosys declined 2.46% to close at Rs 1,346.

According to provisional figures, foreign institutional investors (FIIs) remained net buyers of Rs 80 crore, whereas domestic institutional investors (DIIs) also bought stocks worth Rs 42 crore.

Small- and mid-cap stocks also remained in limelight and outperformed the Sensex scrips.

The BSE mid-cap index gained 59.94 points to close at 2,934, and the small-cap index surged 50.77 points at 3,238.

Dinesh Thakkar, Angel Broking Chairman, said, “The positive turnaround in sentiment is due to the belief that the US bailout plans will help resurrect the US financial system soon, which, in-turn, will ease the global liquidity situation and money will again flow towards attractive investment opportunities available in equities across various markets, including India.”