A maturing market amid the mayhem
Sensex jumps 1200 points in five sessions
Investor sentiments also had plenty of support from strong global markets.
The benchmark posted a near 500-points gain with stocks like ICICI, HDFC and ITC surging. The Nifty index rose by over 140 points.
The top Sensex gainers were Reliance Infra and M&M, both rising over 8 percent, and JP Associates which gained 7.2 percent.
The rally was broad-based and all sectoral indices ended in the positive. The auto index led the pack with an over 5 percent rise. Stocks like Tata Motors and Hero Honda gained over 6 percent each.
The Bankex gained 4.7 percent. Canara Bank rose 7.7 percent while ICICI ended 6.8 percent higher. India’s largest public sector bank, SBI, was up 4.1 percent.
The benchmark has ended the week at 14,745, having recovered most of its post-budget losses. Do you think the uptrend will continue into next week and push the Sensex over 15,000?