Benchmark equity indices, BSE Sensex and NSE Nifty50, extended their gains for the third week on account of buying in metal, power, banking, auto and oil & gas counters. For the week ended January 13, 2017, the 30-share index closed 1.79 per cent higher, or 478.83 points up at 26,759.23, while Nifty50 settled 1.90 per cent higher, or 156.55 points up at 8,243.80.
This week ,Investor wealth, as suggested by BSE market capitalisation, increased by Rs 2 lakh crore to Rs 110 lakh crore .
The BSE Metal index surged over 5 per cent following firm copper prices in international market. Other indices such as BSE Power, FMCG, Auto, Oil & Gas and IT advanced 4 per cent, 1.80 per cent, 1.19 per cent and 0.75 per cent, respectively.
On the other hand, BSE Realty, Healthcare and Telecom index closed lower by 0.22 per cent, 0.23 per cent and 0.52 per cent, respectively.
In the Nifty pack, 38 stocks ended the week in the green with Hindalco Industries surging the most (up 7.15 per cent), followed by Tata Steel (up 6.39 per cent), IndusInd Bank (up 6.26 per cent), YES Bank (up 5.72 per cet) and Power Grid (up 4.42 per cent).
Dr Reddy’s Labs, Idea Cellular, TCS, BPCL and Grasim Industries slipped 5.68 per cent 1.41 per cent, 1.08 per cent and 1.08 per cent, respectively.
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