Mumbai: Main indices of
Indian equities markets rallied for the fifth straight week, with
benchmark Sensex rising above 17,600 points on the back of
continued buying support from overseas investors.
The 30-scrip sensitive index (Sensex) of the Bombay Stock
Exchange, which opened in the positive at 17,444.25 points, closed
at 17,604.96 points, up 0.99 percent or 173.11 points from its
previous close at 17,431.85 points.
The Sensex touched a high of 17,630.53 points and low of 17,382.70
points in the intra-day.
This is the fifth weekly rally in the market. The benchmark Sensex
gained 2.15 percent this week.
At the National Stock Exchange, the 50-scrip S&P CNX Nifty also
rallied for the fifth straight week. The Nifty closed 1.06 percent
or 55.95 points higher at 5,325.85 points.
Foreign institutional investors bought net equities worth $434.55
million Friday, according to the Securities and Exchange Board of
India (SEBI) data.
The country's largest telecom firm Bharti Airtel rallied for the
second day after the Supreme Court Thursday ordered the
cancellation of all the 122 licences for 2G spectrum allocated in
2008 during the tenure of then telecom minister A. Raja, who is in
jail and faces trial in what has been alleged as India's biggest
Bharti Airtel seem to be the biggest gainer of the move as major
portion of the subscribers of the affected companies are expected
to shift to it.
Bharti Airtlel closed 0.69 percent higher at Rs.388.60, after
surging by 6.88 percent in the previous session.
Other prominent Sensex gainers were: NTPC, up 2.71 percent at
Rs.176.30; Hindustan Unilever, up 2.69 percent at Rs.400.70; Sun
Pharma, up 2.38 percent at Rs.556.25; DLF, up 1.97 percent at
Rs.230.30 and BHEL, up 1.93 percent at Rs.263.80.
Major Sensex losers were: Hindalco Inds, down 3.08 percent at
Rs.152.65; Jindal Steel, down 2.66 percent at Rs.555.90; Tata
Steel, down 1.56 percent at Rs.467.25 and Sterlite Inds, down 0.97
percent at Rs.122.75.