Sensex Gains 275.70 Pts During the Week
The 30-share index Sensex, on Friday (Aug 07), ended the week on a 30-month high at 18,143.99 after surging 275.70 points.
In contrast, the broad-based Nifty closed the week after surging 71.65 points at 5,439.25.
Sturdy automobile sales, positive manufacturing and services segment data and continued buying by foreign funds and strong worldwide bourses, strengthened the domestic stock markets as the Sensex and the Nifty scaled 30 month highs on Thursday.
The BSE Mid-Cap index increased by 1.71% and the Small-Cap index grew by 2.52%.
On Monday, the 30-share index gained 212.92 points to 18,081.21. The Nifty shot up 64.05 points to 5,431.65, on sustained buying action by foreign funds.
An upward trend continued for the next two days in the equity market.
On Tuesday, the sensex soared by 33 points. On Wednesday, the Sensex and the Nifty hit a 30-month high of 18,217.44 and 5467.85 points respectively.
On Thursday and Friday, the market fell down.
On Friday, the stock market looked dull as investors started booking profits ahead of the weekend and considering US payroll data.
The shares that went up included Tata Motors, Wipro, ICICI Bank, Bharti Airtel, HDFC, TCS and ITC.
The shares, which declined were RCom, M&M, Cipla, HDFC Bank and Tata Steel. (With Inputs from Agencies)