Web Analytics Business News This Week This Week: Sensex at 29,000, gains 4.11% and NIifty @ 8, 800, gains 3.78% | Business News This Week

Jan 25, 2015

This Week: Sensex at 29,000, gains 4.11% and NIifty @ 8, 800, gains 3.78%

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The BSE Sensex and the NSE Nifty continued the bull-run during the week and ended above 29,000 mark and 8,800 level respectively also marking the all-time highs for both indices on sustained capital inflows amid positive global sentiments.

Positive investor sentiments over Indian stocks saw the foreign participants liberally buying out shares. Even glitches because due to Chinese market slump amid authorities curbing speculative lending, were sidelined as domestic market garnered whopping 1,156.45 points during the week.

The week saw sentiments getting bolstered by IMF’s projection about Indian Economy growth rate till 2016. Also, stellar corporate earning and government budget date announcement leading to hope of more reforms coupled with European Central Bank (ECB) higher than expected stimulus announcement of 60 billion Euro a month led to massive rally across the globe. ECBs stimulus announcement is dynamic for emerging India as it may result additional fund flows.

The benchmark S&P BSE Sensex rallied to a life time intra-day high of 29,408.73 before settling at record of 29,278.34, gaining 1,156.45 points or 4.11 per cent over the preceding weekend close.

The NSE Nifty surged 8,866.40 mark for the first time and ended new mile stone at 8,835.60, gaining 321.80 points or 3.78 per cent.

Barring FMCG segment, healthy buying was witnessed in sectors of Capital Goods, Metal, banks, Healthcare, Auto, Consumer Durable, realty, IT and Oil & Gas.


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