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Hunting season for bulls and bears

Plenty of steam left in the market, so expect more sizzle than fizzle in the near future

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Bharatiya Janata Party (BJP) supporters attend a campaign rally ahead of the elections in Cooch Behar in West Bengal. Pic/AFP

Bharatiya Janata Party (BJP) supporters attend a campaign rally ahead of the elections in Cooch Behar in West Bengal. Pic/AFP

Markets continued their upward trajectory and both the benchmark indices, BSESENSEX and NIFTY made new life-time highs during the week, but on different days. The BSESENSEX gained 189.32 points or 0.49T to close at 38,862.23 points. NIFTY gained 42.05 points or 0.36 per cent to close at 11,665.95 points. The broader indices saw BSE100, BSE200 and BSE500 gain 0.31 per cent, 0.31 per cent and 0.28 per cent respectively. BSEMIDCAP was up 0.19 per cent while BSESMALLCAP was up 0.12 per cent.

Metal fettle
The top sectoral gainer was BSEMETAL up 3.12 per cent followed by BSEREALTY 2.98 per cent and BSEAUTO 2.67 per cent. The top sectoral loser was BSECON DURABLE down 1.68 per cent followed by BSEBANKEX 1.14 per cent and BSEFMCG 0.67 per cent. The top gainer amongst individual stocks was Tata Motors which gained 18.04 per cent followed by Bharti Tele 7.12 per cent and Lupin 6.77 per cent. The top loser was Bharat Petro down 9.64 per cent followed by Zee Entertainment 7.42 per cent and Hind Petro 7.09 per cent. Dow Jones had a strong showing and gained 496.31 points or 1.91 per cent to close at 26,424.99 points. The Indian Rupee lost 7 paisa or 0.10 per cent to close at R 69.22 to the US dollar.

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