Money on the markets
A maturing market amid the mayhem
Markets jump over 400 points
Email 
Print
The Sensex ended the week on a strong note, gaining 2.9 percent on Friday to close at 14,765 as investors bought shares after a recent fall in markets.
ICICI Bank was the star performer with its stock jumping 9 percent to 754 rupees. Other Sensex heavyweights like Reliance Industries and Infosys gained nearly 4 percent each.
All sectoral indices, except the healthcare index, ended with smart gains. The BSE Banking and Capital Goods indices led the pack with gains of over 4 percent each.
Stocks like Central Bank of India, Mindtree, Nestle and IVRCL Infra touched their 52-week high during trade.
Top traded stocks on the BSE included IFCI, Ispat Industries and Suzlon Energy.
With the market closing above the 14,500 mark, do you think the Sensex will extend its gains and touch 15,000 levels again?
Comments RSSPost Your Comment
-
Author Profile
-
- Taxes on some wealthy French top 100 pct of income - paper
- French probe finds LVMH built up Hermes stake in secret - paper
- Bernanke, in commencement address, upbeat on innovation outlook
- Google's wearable Glass gadget: cool or creepy?
- Consumer stocks shine in emerging market gloom
- Markets Weekahead - Sensex risks consolidation; SBI earnings
- ATM heist: India's IT sector in unwelcome spotlight
- Tata Motors subsidiary issues $280 mln senior notes
- Tata Tele (Maharashtra) share sale cancelled
- Wall Street Week Ahead: Correction talk gets old as rally sails along
A strong gain of 419 points on 26 June in sensex points to an impending rally.Sensex could touch 15,400 in the ensuing week.
A sustained rally would however depend upon a break-out of monsoon over grainary areas and more incentives for business and industry in forthcoming budget.