Sensex Gains 578.38 Pts During The Week
Indian stock markets ended the last week in the positive.
The BSE Sensex recorded an increase of 578.23 points, up more than 3%, helped by sturdy worldwide signals on the back of reports UK manufacturing relieved worry that the monetary recovery is faltering.
Moreover, huge buying activity was witnessed across index pivotals, which helped Sensex to hit 18,700 mark and Nifty above 5,600 levels during the week.
In total, it was a positive week for the stock market.
Among sectoral indices, real estate and FMCG gained 5% and 4% respectively and topped the charts accompanied by bankex, teck, PSU, CG, real estate, automobile and power, which gained between 3 to 1%.
The 30 share index BSE Sensex gained 578.23 points to 18,799.66 for the small week ended Sep. 09, 2010. In contrast, Nifty surged 160.65 points to close the week at 5,640.05.
The BSE Mid-cap index added 191.62 points and the BSE Small-cap index increased by 337.10 points during the week.
For the week ended August 28, the food inflation surged to 11.47% on account of hefty prices of cereals, fruits and milk. Th
Stock Exchanges remained closed on Friday because of Eid.