Srinagar, Nov 9: Despite volatility, the Indian capital markets during the week ended November 7 managed to end in positive for most of the sessions.
The RBI rate cut during the week preceding the past week to increase liquidity, and positive global cues during the week helped the markets to remain in green on the first day of the week on November 3. The nifty ended above the 3,000 mark while the sensex closed above the 10,300 level. Huge buying was seen in capital goods, realty, banking, oil and metal stocks. On Monday, sensex closed the session at 10,337.68, with a gain of 549.62 pts over the previous close. The nifty jumped 158.25 pts, to settle at 3043.85.
The benchmark indices witnessed buying interest in last hours of the trading session. Global cues also turned positive for Indian markets in late trade. Bank and realty stocks led this rally followed by power, capital goods, FMCG and metal stocks.
The sensex on Tuesday surged 293.44 pts, to close at 10,631.12 and the nifty settled at 3142.10, up 98.25 pts over the previous close.
Wednesday was a crucial day for the markets on account of heavy sell-off in heavyweights amid weak global markets. The sensex closed the day at 10,120.01, down by 511.11 pts over the previous close. The nifty closed below the 3,000 mark and plunged 147.15 pts to close at 2994.95.
Markets ended in red after an unexpected increase in inflation numbers and sell-off in global indices on Thursday. The sensex closed with a loss of 385.79 pts at 9,734.22. The nifty ended at 2892.65, down by 102.3 pts. To mention, inflation came in at 10.72 per cent for the week ended Oct 25 as against 10.68 per cent in previous week.
The markets ended the last day of the week, Friday on a strong note. Power, oil, metal, telecom, technology and capital goods stocks led this rally. Positive global cues also aided the markets to turn back into the green.
The sensex surged 230.07 pts to settle at 9,964.29. The nifty closed with a gain of 80.35 pts at 2973.