Sensex surges by 1,289.57 points during week
Mumbai, June 21 (UNI) BSE Sensex surged 1,289.57 points, or 1.58 per cent, to settle at 82,408.17 during the week ended Friday, June 20, tracking gains in Asian markets and renewed foreign fund inflow, amid easing crude oil prices, improved investor sentiments.
Nifty jumped 393.8 points, or 1.59 per cent, to settle at 25,112.40.
Broader markets underperformed. The BSE Mid-Cap index shed 0.44 per cent to close at 45,480.26. The BSE Small-Cap declined 1.85 percent to end at 52,378.52.
On Monday, the Sensex snapped a two-day losing streak and ended with solid gains. Sensex gained 677.55 points to settle at 81,796.15. Nifty 50 jumped 227.90 points to 24,946.50.
The domestic equity benchmarks slipped into the red on Tuesday, dragged down by rising tensions between Israel and Iran. Investor sentiment remained subdued ahead of the U.S. Federal Reserve's policy decision. BSE Sensex declined 212.85 points to 81,583.30. Nifty fell 93.10 points to 24,853.40.
On Wednesday, marking their second straight day of losses, as rising geopolitical tensions between Israel and Iran weighed on investor sentiment, the Sensex declined 138.64 points to 81,444.66. Nifty too fell 41.35 points to 24,812.05.
On Thursday, marking the third straight session of decline, as investor sentiment remained shaky due to escalating tensions between Israel and Iran, the Sensex shed 82.79 points to 81,361.87. Nifty fell 18.80 points to 24,793.25.
On Friday, snapping a three-day losing streak in a row, as the market remained firm despite rising geopolitical tensions between Israel and Iran. Sensex jumped 1,046.30 points to 82,408.17. Nifty 50 rose by 319.15 points to 25,112.40.
Sectoral gainer During the week, BSE Auto was 1.17 pc, BSE BANKEX was 1.35 pc, BSE Consumer Durables was 0.93 pc, BSE Capital Goods was 0.68 pc, and BSE IT was 0.88 pc.
BSE Realty 0.65 pc and BSE TECK by 2.07
Sectoral losers during the week were BSE Oil & Gas by 0.4, BSE FMCG by 0.21 pc, BSE Healthcare by 2.08 pc, BSE METAL by 1.12 pc and BSE Power by 0.19 pc.
Stocks that fell during the week were Nestle India by 0.49 pc. Tamilnad Mercantile Bank by 2.83 pc, Tata Consultancy Services (TCS) by 0.36 pc, AAVAS Financiers by 1.58 pc, Tata Motors by 5.04 pc, SpiceJet by 8.60 pc, Sun TV Network by 2.16 pc and Alembic Pharmaceuticals by 2.92 pc.
Godrej Properties rose 0.76 pc. The company announced that it has acquired an approximately 16-acre land parcel in Upper Kharadi, Pune. The project will have a developable potential of 2.5 million square feet with an estimated revenue potential of about Rs 3,100 crore.
DLF rose 0.30 pc. The company said that its latest luxury offering, DLF Privana North, valued at approximately Rs 11,000 crore, has been sold within one week of its launch.
UNI JS ARN
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