A maturing market amid the mayhem
Sensex snaps 14 weekly run of gains
The BSE Sensex advanced on Friday tracking world markets after positive U.S. economic data boosted investor sentiment and cemented hopes of a global economic recovery. The benchmark, however, snapped a run of 14 weekly gains.
The 30-share sensitive index swung from an intra-day low of 14,179 to an intra-day high of 14,559, and closed 256 points higher at 14,521. The fifty-share Nifty ended 1.4 percent up at 4313.
The rise in the benchmark was led by L&T, Infosys, ITC and HDFC Bank.
On the sectoral front, the BSE Capital Goods Index advanced 4.5 percent, followed by the Realty Index which ended 3.1 percent higher. All other BSE Indices closed the day in the green.
Do you think the positive sentiments across the globe will help the Sensex regain 15,000 levels?