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The first day of the week Monday, 23 January started on positive note with steady gains amidst intraday volatility, led by gains in ITC and HDFC when the Sensex rose 82.84 points or 0.31% to settle at 27,117.34, its highest closing level since 19 January 2017.
Key benchmark indices logged decent gains on Tuesday, 24 January 2017, led by L&T, HDFC and Reliance Industries, supported by higher Asian stocks, when the Sensex gained 258.24 points to settle at 27,375.58, its highest closing level since 10 November 2016.
On Wednesday, the indices posted strong gains led by index heavyweights HDFC, ITC and L&T as gains in world stocks boosted sentiment on the domestic bourses. The Sensex gained 332.56 points or 1.21% to settle at 27,708.14, its highest closing level since 1 November 2016. Thursday, being Indian Republic Day, The market remained closed.
Key benchmark indices surged in the trading weekend Friday 27 Jan 2017, ahead of Union Budget 2017-18, to be presented in the parliament by finance minister Arun Jaitley next week on 1 February 2017.
For the week Friday, the Sensex recorded 847.96 points, or 3.13%, to settle at 27,882.46. while Nifty zoomed 291.90 points, or 3.49% to settle at 8,641.25. The BSE Mid-Cap index and BSE Small-Cap index rose 3% and 2.8% each.
Posted in: Indian Market Tips
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