Sensex Posts Longest Stretch Of Weekly Gains Since 2009
An employee walks past electronic ticker boards that indicate the latest stock figures inside the atrium at the National Stock Exchange (NSE) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Sensex Posts Longest Stretch Of Weekly Gains Since 2009

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Closing Bell

Indian equities came out of their two-day slumber to post a record close, rounding off a week of gains.

The S&P BSE Sensex ended 1.4% or 700 points higher at 48,782. The index registered a weekly advance for the 10th straight week. This is the longest stretch of weekly gains for the 30-stock index dating back to June 2009.

The NSE Nifty 50 too closed 210 points higher, gaining 1.5% to 14,347. 41 out of the 50 index constituents ended with gains.

Gains in today's session were led by Autos and Technology names. Maruti ended as the top Nifty gainer, rising close to 6% while three among the top five gainers on the index were I.T. majors. The Nifty Auto index ended with gains of 3.3% while the I.T. index jumped 3.6% to end at another record high.

The Media index too gained 3.3% in today's session, courtesy the surge in Zee Entertainment and Inox Leisure. The Nifty Pharma index rose 1.6%.

Underperformers today were Metals and PSU Banks. The Metal index fell 0.6% while the PSU Bank index declined 0.45%.

Broader markets underperformed the benchmarks, even as they ended higher. The Midcap index rose 1% while the Smallcap index ended 0.6% higher.

The India Volatility Index rose 1% to end at 20.82.

1,058 stocks on the NSE ended with gains while 846 stocks declined.

How Did The Markets Fare This Week

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