Mumbai: The Sensex ended with third consecutive weekly gain by a solid 565.68 points to conclude at 34,192.65, while the broader Nifty reclaimed to close above the key 10,400-level at 10,480.60.
Despite volatility, key indices pocketed modest gains throught-out the weeks trading days, only seen for second time since last one year as the investor sentiment remained buoyant on earning optimism, while remained resilience to incessant global uncertainties.
Investors stayed-put on strong domestic market fundamentals, while easing trade war tensions following China's decision to further open-up its economy and lowering tariffs played supportive.
Surging crude oil prices and geo-political tensions over syria did bring volatility, but least bearing on market sentiment.
Investors looked forward on earning optimism amid of robust industrial production and cooling retail inflation further strengthened market fundamentals. IIP grew 7.1 per cent in February while CPI inflation rate slowed to 4.28 per cent in March from 4.44 per cent in February.
The BSE Sensex started the week flat at 33,653.61 and hovered between high of 34,313.14 and low of 33,578.91 before closing the week at 34,192.65, showing a gain of 565.68 or 1.68 per cent.
(The Sensex gained 1,030.43 or 3.16 per cent during previous two weeks session)
The Nifty resumed the week at 10,333.70 and traded between 10,519.90 and 10,328.50, the index finally closed at 10,480.60, up 149.00 points, or 1.44 per cent.
In the broader market underperformed key indices with both midcap and smallcap shares gaining slightly.
Buying was led by IT, Realty, Metals, Teck, Consumer Durables, Capital Goods, Banks, IPOs, FMCG, Power and Auto sectors.
While, Oil and Gas, PSUs and HealthCare saw profit- booking.
Meanwhile, foreign portfolio investors (FPIs) and foreign institutional investors (FIIs) sold shares worth Rs 1,487.82 crore during the week, as per Sebi's record including the provisional figure of April 13, 2018.
The S&P BSE Mid-Cap index rose 81.19 points or 0.49 per cent to settle at 16,677.76. The S&P BSE Small-Cap index rose 99.00 points or 0.55 per cent to settle at 17,981.99. Both these indices outperformed the Sensex.
Among sectoral and industry indices, IT rose by 4.48 per cent, realty 4.01 per cent, metal 3.41 per cent, teck 3.33 per cent, consumer durables 2.95 per cent, capital goods 1.78 per cent, bankex 1.60 per cent, IPO 0.91 per cent, FMCG 0.75 per cent, power 0.33 per cent and auto 0.17 per cent.
However, oil and gas fell by 1.05 per cent, PSU 0.99 per cent and healthcare 0.04 per cent. Among the 31-share Sensex pack, 23 stocks rose and remaining 8 stocks fell during the week. Axis Bank was the top gainer in the Sensex pack last week.
The stock rose 8.23 per cent. It was followed by TCS6.82 per cent, L&T 4.03 per cent, Coal India 3.59 per cent, Infosys 3.45 per cent, Wipro 3.26 per cent, Reliance 3.20 per cent, ONGC 3.17 per cent, HUL 2.59 per cent and Indus Ind Bank 2.58 per cent.
While major lossers were, SBI 3.31 per cent, Tata Motors 1.98 per cent, Bharti Artl 1.97 per cent, Dr Reddy 1.74 per cent, Tata Motors DVR 1.74 per cent, Yes Bank 1.53 per cent and Hero Motoco 1.34 per cent.
The total turnover during the week on BSE fell to Rs 17,125.90 crs as against last weekend's level of Rs 18,401.62 crores and NSE also moved down to 1,44,243.82 crores compared to Rs 1,46,750.93 crores previously.
