Sensex up by 313.07 pts during week

8/11/2018

Mumbai, Surpassing its previous record, the benchmark index of Bombay Stock Exchange (BSE) touching 38K level for the first time during the week, as it finished at 37,869.23, gaining by 313.07 points during the week ended on Friday. The Nifty 50 index rose 68.70 points at 11,429.50. The equity market remained robust for the third straight week, on the strength of sustained capital inflow and healthy earnings boosted the sentiment. Global cues, however, were mixed due to lingering trade war worries. The BSE Mid-Cap index rose 3.89 points or 0.02 pc to settle at 16,210.78. The BSE Small-Cap index fell 49.32 points or 0.29 pc to settle at 16784.20. Both these indices underperformed the Sensex. Trading for the week began on positive note. Domestic stocks logged modest gains in a steady session of trade on buying demand in index pivotals on Monday as the Sensex rose by 135.73 points at 37,691.89. The Nifty 50 index rose 26.30 points at 11,387.10. Very next the Sensex was slightly declined by 26.09 points at 37,665.80. The Nifty 50 index rose 2.35 points at 11,389.45. On Wednesday and Thursday it remained firm, as on Wednesday it rallied by 221.76 points to 37,887.56 The Nifty 50 index gained 60.55 points at 11,450. On Thursday, the Sensex for the first time crossed 38K level to finish at 38,024.37, gaining by 136.81 points. However, the surging trend of the equity market got a brake on the last day of the week, on Friday as it slipped by 155.14 points to settle at 37,869.23. While the Nifty 50 index too dropped by 41.20 points to settle at 11,429.50.