Mumbai, June 27: Indian equities markets, which were trading in volatile conditions for the most part of the week, finished on a high on Friday, thanks to the strong global cues. A key index moved up 242 points from its previous weekly close.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) rose 1.67 percent or 242.75 points over the previous Friday’s close and ended trade at 14,764.64 points.
The broader S&P CNX Nifty of the National Stock Exchange (NSE) followed the Sensex, gaining 1.4 percent from its last close to end at 4,376 points.
Sensex hit an intra-week high of 14,782 points and low of 14,017 points, while Nifty hit an intra-week high of 4,383 points and low of 4,143 points.
Broader market indices did much better, with the BSE’s midcap index closing 4.28 percent higher than its previous weekly close, while the BSE smallcap index was up 3.25 percent.
Data with markets watchdog Securities and Exchange Board of India (SEBI) showed that foreign funds were net sellers during the week, having sold scrips worth $518.5 million.
The benchmark Sensex, was trading in a volatile zone till Thursday. It finally broke out of the shackles Friday, starting the July futures and options series with a bang.
On Monday, the Sensex ended trade on a 195.67 points or 1.35 percent loss at 14,326.22 points as investor’s booked profits. The Nifty did no better, shedding 1.82 percent to shut shop at 4,235.25 points.
Tuesday would have been no different had not some late buying into banking, metal and consumer durables stocks lifted the Sensex from deep red. It recovered to end a meagre 2.21 points below Monday’s closing figure.
Though the Nifty traced a similar path, it ended the day 0.28 percent up at 4,247 points.
The Sensex did better on Wednesday, moving up 98 points to close at 14,422.73 points – 98.72 points or 0.69 percent higher than its previous closing figure. Similarly, the Nifty ended the day 1.08 percent up at 4,292.95 points.
Thursday turned out to be another profit booking day, with the Sensex shutting shop 77 points below its previous close after rising 156 points during the day’s trading. It closed at 14,345.62 points, while the Nifty ended the day 1.19 percent down at 4,241.85 points.
The markets ended the week on a high, with the soaring buying interest in the July future and option series sending the Sensex 419 points up. It closed at 14,764.89 points, while the Nifty ended the day 3.12 percent up at 4,374.4 points.
The top gainers in the Sensex were L&T (up 7.6 percent), ACC (up 6.7 percent), HDFC (up 6.3 percent), ICICI Bank (up 5.9 percent) and Grasim (up 5.6 percent).
The top losers in the Sensex were Ranbaxy (down 9.2 percent), Tata Steel (down 5.8 percent), Hero Honda (down 4 percent), HDFC Bank (down 3.9 percent) and ITC (down 1.9 percent). (IANS)