Sensex up 232 points; Nifty closes at new high
s.chatterjee@ibtimes.co.in
Bombay Stock Exchange's (BSE) 30-share benchmark index, the Sensex, as well as the S&P CNX Nifty of the National Stock Exchange (NSE) extended their weekly gains in high volatility on the back of strong global cues and easing inflation pressure.
While the Sensex fluctuated in a wide range of 14,682 and 14,368 and ended the week at 14,571 against last weekend's close of 14,339, a net gain of 232 points or 1.6 percent, the Nifty breached 4,300 mark for the first time and touched a trading high of 4,326 before ending the week at a new closing peak of 4,297, netting a rise of 49 points or 1.15 percent over last weekend's close of 4,248.
Sectoral indices like capital goods, consumer durables, banking and auto saw upward movement while IT and FMCG shares reacted negatively due to profit- booking by investors.
"It was a day of high volatility. A smooth rollover of positions in the derivatives market and fresh build-up of new positions on first day after expiry, firm Asian markets and robust set of economic growth rates triggered a rally in first half of the day, taking it to a high level," market analysts said.
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