Sensex’s Weekly Gains

BSE SensexThe BSE Sensex made 313.61 points during last week. The Sensex touched the highest level of 15,000. The stock index took up 146 days to cover up the journey from 14,000 to 15,000. This was the longest period ever to breach 1,000 points. Strong inflows from FIIs, healthy economic development and remarkable corporate profits were considered as the chief drivers.

On Monday, the Sensex opened on a hopeful note at 14,685.16 and touched its record high of 14,745.97 and finally, it closed at 14,664.26, up 13.75 points, whereas the broad based NSE Nifty closed the day at 4,313.75, down 4.55 points. It continued to trade strong in the morning trades as buying interest was seen among the investors in frontliners. Afterward, the index was rangebound in the mid-afternoon trades. But, the index could not hold its position and it finally finished up on a flat note.

On Tuesday, the BSE Sensex closed the day after gaining 142.25 points at 14,806.5, whereas the NSE Nifty settled finally at 4,357.55, up 43.8 points. During the day, the Sensex traded in the positive zone as lots of buying action was witnessed in frontline stocks.

On Wednesday, the 30-share index came very close to the 15,000 mark, when it touched its peak of 14,906.93. The Sensex lastly closed at 14,880.24, up 73.73 points, while the NSE Nifty ended at 4,359.30. The market saw irregular trades all thru the day.

On Thursday, the BSE Sensex after touching a new high of 14,963.26 finally ended the day at 14,861.89, down 18.35 points, while the broad based NSE Nifty closed at 4,353.95, down a marginal 5.35 points.

On historic Friday, the BSE Sensex after touching its all-time peak figure of 15,007.22 finally closed at 14,964.12 after gaining 102.23 points, whereas the broad based NSE Nifty ended at 4,384.85, up 30.9 points. The stock index opened negative at 14,843.43 in the morning trades, continued to trade hard all through the day as continued buying interest was witnessed in index pivotals. Finally, it ended on a jolly note.

During the week ended June 23, 2007, inflation climbed up to 4.13% from 4.03% in the previous week.