The benchmark indices outperformed the broader market in the week gone by as the S&P BSE Mid-cap index rose 2.4 percent while the S&P BSE Small-cap index was up 2.1 percent for the week ended March 15.
A blockbuster week for India markets as Sensex and Nifty50 surpassed their crucial resistance levels and closed with hefty gains for the week ended March 15. The S&P BSE Sensex rallied by 1,353 points or 3.69 percent while the Nifty50 rose 3.5 percent in just 5 trading sessions.
The S&P BSE Sensex closed above 38,000 for the first time since September 14, 2018, while the Nifty50 also reclaimed 11,400 for the first time since September 18, 2018, and is all set to hit higher target towards 11,500 levels.
"Benchmark indices ended this week on a strong note with Nifty closing above 11400 levels. Sensex reclaimed 38,000 levels led by a rally in banking stocks. Strong Global cues and aggressive buying from foreign investors are some triggers that led to positive market sentiments," Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas told Moneycontrol.
The benchmark indices outperformed the broader market in the week gone by as the S&P BSE Mid-cap index rose 2.4 percent while the S&P BSE Small-cap index was up 2.1 percent for the week ended March 15.
Among the top 500 companies, as many as 32 companies in the S&P BSE 500 index witnessed a rally of about 10-20 percent which includes names like DLF, Finolex Cables, IDFC, Jubilant Life Sciences, Adani Transmission, Allcargo Logistics.
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