Nifty Auto was the outperforming sector for the week, up 2.2 percent while on the other hand Nifty PSU Bank was the top loser, down 2.7 percent.
Indian equity indices resumed their weekly gains after a blip amid the ongoing polls in the world’s largest democracy and a slowdown in global growth.
The S&P BSE Sensex gained 0.96 percent to end the week at 39,140.28 and the NSE Nifty 50 Index rose 0.94 percent to close at 11,752.80. The benchmarks also clocked fresh intra-day highs during the period.
The NSE Nifty 500 Index gained 0.66 percent during the week, led by gains in PC Jeweller Ltd. and Adani Green Energy Ltd.
On the institutional activity front, FIIs remained net buyers to the tune of Rs 2,789 crore while DIIs too were net buyers to the tune of Rs 281 crore.
On the currency front, the rupee largely remained range-bound between 69-69.6 during the week, to finally close with marginal gains.
As the deadline for Iran waivers is coming to end, the rupee is likely to come under pressure. A move past 69.6 should trigger the next leg of upward movement, said Ambareesh Baliga, independent market expert.
Nifty Auto was the outperforming sector for the week, up 2.2 percent while on the other hand Nifty PSU Bank was the top loser, down 2.7 percent.
From the BSE Auto space, Tata Motors was the top gainer which jumped 9.39 percent followed by TVS Motor Company, Motherson Sumi Systems, Hero MotoCorp, Ashok Leyland, Bajaj Auto and Maruti Suzuki.
From the banking space, Oriental Bank of Commerce ended 5.18 percent lower for the week. It was followed by J&K Bank, Bank of India, Allahabad Bank, Syndicate Bank, Punjab National Bank, Andhra Bank and Bank of Baroda.
Jet Airways was the top loser, down 37.78 percent for the week after the company decided to shut all operations temporarily. Reliance Capital ended the week, down 18 percent followed by Reliance Power, Avenue Supermarts, Indiabulls Ventures, PNB Housing Finance and Dewan Housing Finance.
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