Sensex rises by 76.85 points during week

8/18/2018

Mumbai, The Benchmark Exchange of the Bombay stock Exchange (BSE) gained 78.65 points or 0.21 per cent to settle at 37,947.88 in the truncated week under review. Indices gained for fourth straight week as investors cheered strong earnings by Indian companies in April-June quarter. The Nifty 50 index rose 41.25 points or 0.36 percent to settle at 11,470.75, its record closing high. The BSE Mid-Cap index rose 95.66 points or 0.59 percent to settle at 16,306.44. The BSE Small-Cap index rose 82.01 points or 0.49 percent to settle at 16,866.21. Both these indices outperformed the Sensex. Stocks logged modest losses on Monday, August 13, 2018 weighed by mounting currency crisis in Turkey, which raised the alarm for possible contagion into other markets. Sensex lost 224.33 points or to settle at 37,644.90.Nifty also fell 73.75 points to settle at 11,355.75. Key benchmark indices logged modest gains in a steady session of trade on Tuesday, August 14, 2018 after retail inflation slowed to a nine-month low. Sensex rose 207.10 points to settle at 37,852. The Nifty also rose 79.35 points to settle at 11,435.10. The Indian stock market remained shut on Wednesday, August 15. 2018, on account of Independence Day. Domestic shares registered modest losses on Thursday, August 16, 2018 on selling pressure in index pivotals led by HDFC, Kotak Mahindra Bank and Reliance Industries.Sensex lost 188.44 points to setttle at 37,663.56. Nifty lost 50.05 points to settle at 11,385.05. Indices registered smart gains on Friday, August 17, 2018. BSE Sensex rose 284.32 points to settle at 37,947.88. The Nifty 50 index rose 85.70 points to settle at 11,470.75. Positive global cues apparently helped brighten sentiment, with investors cheering Washington and Beijing's decision to hold trade talks.

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