After opening with a negative gap of 291.49 points at 14,064.26 on Friday (August 1), the 30-share index BSE Sensex climbed up 247.57 points towards the closing sessions.

Good buying action was witnessed across sectors.
 
BSE Midcap and Smallcap index closed the week on a positive note after gaining 0.24% and 0.21% respectively.

The stock market bells ringed depressing tones during the early sessions mainly on the back of worldwide signals.

New York - Stocks fell on Wall Street Friday pushed by billions in losses at largest US automaker General Motors, higher unemployment figures and rising oil prices.

GM lost 15.5 billion dollars, or 27.33 dollars per share, in the second quarter on the back of weak demand in the US car market spurred by soaring fuel prices and a weaker economy, the company said Friday from its headquarters in Detroit. The loss was worse than had been anticipated. In the same period last year, the company made a profit of 891 million dollars, or 1.56 dollars per share.

New York  - Stocks fell on Wall Street Friday pushed by billions in losses at largest US automaker General Motors, higher unemployment figures and rising oil prices.

GM lost 15.5 billion dollars, or 27.33 dollars per share, in the second quarter on the back of weak demand in the US car market spurred by soaring fuel prices and a weaker economy, the company said Friday from its headquarters in Detroit. The loss was worse than had been anticipated. In the same period last year, the company made a profit of 891 million dollars, or 1.56 dollars per share.

Karachi - Pakistan stocks plunged 3.89 per cent on Friday amid constant foreign selling attributed to US allegations that the country's military was supporting Islamic militancy in neighbouring Afghanistan, traders said.

The key KSE-100 Index of the Karachi Stock Exchange fell by over 412 points to close at 10,171 as the New York Times on Thursday cited a new CIA assessment saying Pakistani intelligence agents were involved in the July 7 bombing of the Indian embassy in Kabul that killed 54 people.

The conclusions were reached on the basis of communications intercepted between the attackers and Pakistani intelligence officers, the Times reported.

The 30-share index BSE Sensex, which opened with a negative gap of around 300 points and lost more than 320 points to touch the day’s low, has regained over 516.51 points and entered into the positive zone.

It has gained over 200 points to touch the high of 14,549.56 on the back of big improvement in the majority of Asian indices. Hang Seng, Shanghai indices turned into positive terrain after wiping off its previous losses.

The recovery was mainly led by BSE Metal, Consumer Goods and Oil and Gas.

After opening positively on Thursday (July 31), Indian equities continued to remain volatile all through the day on account of F&O expiry and high inflation figures.

BSE Midcap and Smallcap index closed on a negative note after declining 0.24% and 0.21% respectively.

The majority of Asian stocks climbed up on Thursday, led by mining companies as oil rates surged over $ 4 per barrel on July 30, and metals advanced.