The BSE Sensex rebound 417.36 pts for
the week to reclaim 33-K level to finish at 33,250.30, while the NSE Nifty
ended above the key 10,250 level to conclude at 10,265.65 on the week ended
Friday, 8 December 2017.
The week started with a caution due to 2-day
RBI monetary policy meet together with the first phase of Assembly elections in
Gujarat. Further, RBIs status-quo in policy rate and inflationary concerns
affected the sentiments of investors. Bulls continued buying by domestic funds and
retail investors ahead of first phase of Assembly elections in Gujarat, which
is PM Modi’s home state.
The Sensex kicked off the week higher
at 33,968 levels and hovered between 33,285 and 32,565 marks before ending the
week at 33,250.30, showing a gain of 417.36, or 1.27%. The Nifty also carried
on the week higher at 10,175.05 and traded at 10,270.85 & 10,033.35 ranges to
finish at 10,265.65, showing a rally of 143.85 points, or 1.42%.
Buying momentum picked up in sectors
such as Consumer Durables, FMCG, O&G, Teck, Auto, Realty, IT, HealthCare,
PSUs, Metal, Banks, Capital Goods and Power. Consumer durable sectors jumped by
2.72%, FMCG 2.70%, O&G 2.68%, teck 2.61%, IT 2.05%, auto 1.48%, realty
1.36%, healthcare 1.21%, metal 0.76%, capital goods 0.74%, and power 0.26%.
Bharti Airtel jumped 8.02%, followed
by HUL 5.21%, Maruti 5.03%, Infosys 4.49%, Tata Motors 2.98%, ITC 2.51%, Tata
Steel 2.37%, Tata Motors DVR 2.14 %, ICICI Bank 1.74% and Axis Bank 1.66%. However,
Coal India fell by 2.75%, followed by Hero MotoCorp 2.60%, Wipro 2.14%, Dr
Reddy 2.03 %, M&M 1.44 % and TCS 1.12%.