The Sensex closed the week strongly on the back of increased capital inflows from foreign funds, strong business results and rising worldwide markets.

After opening at 15,449.47, up 61.51 points, on Friday, following signals from global markets. After few minutes, Sensex moved up on account of continued buying action witnessed across frontline stocks. The index hit a 52-week high and 12-month high for the first time, while Nifty broke the key level of 4,650 during the morning trades. As the day advanced, Sensex gained momemtum and hit a high of 15,732.81. In noon, the index however trimmed the majority of its gains as European markets belled the day negatively. At last, it closed on a higher note but off high’s.
 
The Sensex marked its closure after making a gain of 282.35 points at 15,670.31. It hit an intraday high of 15,732.81 and an intraday low of 15,449.47. The broad-based NSE Nifty climbed 65 points at 4,636.45 after touching an intraday high of 4,669.75 and an intraday low of 4,571.60.

The BSE Midcap and Smallcap index surged 1.17% and 0.03% respectively. Broader markets also performed well.

Among the sectoral indices, BSE FMCG gained 3.17%, Oil & gas surged 2.65%, Bankex, IT, Consumer durables and Metal gained more than 1% each, whereas BSE Realty declined 1.36%.

The top gainers in the 30-share index included Hindalco, Tata Motors, ONGC, SBI, HUL and RIL.

On the other hand, the major losers in the Sensex were Bharti Airtel, RCom, Hero Honda, DLF, NTPC and TCS.

While commenting on the stock market outlook for the coming week, stock market analyst Abhishek Jain of Stocksidea.com said that the support for the Sensex is at 15453/15128 and the resistance to the up move is at 15782/15961.

The sensex is looking sideways for the coming days, Mr. Jain added.

For Nifty, the support is at 4598/4514 and the resistance to the resistance to the up move is at 4674/4745.