A maturing market amid the mayhem
Sensex registers sixth weekly rise
After rising over 3 percent by mid-day, the Sensex pared gains and closed just 0.69 percent higher at 11,023 as investors booked profit ahead of the weekend.
Infosys Technologies, L&T and ICICI shares led the gains in the benchmark.
Unitech emerged as the star performer, surging over 20 percent. Unitech is looking to sell more stocks and assets, such as hotels and offices, to cut its high debt.
Unitech, Reliance Natural Resources and Suzlon Energy were the top traded counters on BSE.
The realty, banking and IT indices were amongst the best sectoral performers, all gaining around 3 percent.
Markets had briefly turned negative today but still managed to register its sixth weekly rise in a row.
Do you see it as a sign that the bulls are back, or will profit-booking bring the Sensex down again.