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WEEKLY ROUNDUP: BEST WEEK IN 8-MONTH; SENSEX SURGES A WHOPPING

  • WEEKLY ROUNDUP: BEST WEEK IN 8-MONTH; SENSEX SURGES A WHOPPING 848 POINTS

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    The market put a stellar show in a holiday-truncated expiry week with benchmark indices rising the most in eighth-month thanks to higher rollovers to February series ahead of Union Budget 2017 as a pre-Budget rally defied the negative results from the companies such as Wipro, Ashok Leyland, HUL and M&M. Positive sentiment in global markets after Dow Jones, Wall Street’s closely-watched index, hit its fresh lifetime high of 20,000-mark, also aided the sentiment.

    During the week ended January 27, the S&P BSE Sensex added 3.1% or 848 points to settle at 26759, while Nifty50 gained 3.5% or 291 points to close the week at 8641.

    Midcap and Smallcap stocks jumped. The BSE Midcap index rose 3%, while the BSE Smallcap index surged 2.8%.

    Sectors and stocks
    All sectoral indices settled in green.
     
    The week saw BSE Metal index gaining 5.9%, followed by the BSE Consumer Durables and the BSE PSU index, which gained 5.5% each.  The BSE Oil & Gas index (4.9%), the BSE Bankex (4.8%) and the BSE Auto (4.5%) were other sectoral gainers.
     
    Among individual stocks, HDFC, Adani Ports and SBI surged 10.8%, 6.7% and 6.1%, respectively for the week. Bajaj Auto gained 5.7%, Hero MotoCorp advanced 5.1%, while Mahindra & Mahindra added 5%.
     
    Losers included Wipro (2.4%), Infosys (0.7%), Hindustan Unilever (0.6%) and Sun Pharma (0.2%).

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