Sensex gains 166 pts on positive global cues

Mumbai, Nov 26
The benchmark index of Bombay Stock Exchange (BSE) advanced by 166.10 points to 26,316.34 during the week ended yesterday on positive global cues.
The Nifty of National Stock Exchange (NSE) gained by 40.20 points at 8,114.30.
The BSE Mid-Cap index rose 0.91 pc. The BSE Small-Cap index rose 1.33 pc. Both these indices outperformed the sensex.
The market remained volatile during the week.
Banking, auto and metal sector stocks and index heavyweights HDFC and ITC led losses for key benchmark indices on the first trading session of the week on Monday as the Sensex lost by 385.10 points or 1.47 pc to settle at 25,765.14, its lowest closing level since 24 May 2016.
Next two days the equity market remained positive. On Tuesday it moved up by 195 points to 25,960.78 points and on Wednesday it surged by 91 points to touch 26K level to 26,051.81. Erasing gains of previous two days, the sensex lost by 191.64 points to 25,860.17 as selling pressure was seen in Bankex, Auto, Energy and Finance stocks. Trading for the week ended on a buoyant note on Friday, 25 November 2016, as key benchmark indices surged led by gains in IT and pharma stocks. The Sensex has risen 456.17 points or 1.76 pc to settle at 26,316.34, its highest closing level since 11 November 2016.
Adani Ports and Special Economic Zone was up by 1.73 pc, Asian Paints by 4.18 pc, Hindustan Unilever by 3.63 pc, NTPC by 1.8 pc, ONGC by 1.07 pc, Reliance Industries by 0.62 pc and Tata Steel by 5.87 pc from the 30-share sensex pack.
Infosys was up 6.25 pc. The company announced that it has signed a definitive agreement to a Limited Partner investment of Rs 31.6 crore from its Innovation Fund in Stellaris Venture Partners, an India-based early stage venture fund. This investment is towards the first close of Stellaris’ fund.
TCS surged 8.37 pc.
Wipro jumped 6.36 pc.
Auto stocks were mixed. Bajaj Auto rose by 1.49 pc and Hero MotoCorp up 3.95 edged higher. While, Maruti Suzuki India fell by 1.75 pc and Tata Motors by 3.77 pc. Bank stocks declined with the S&P BSE Bankex index sliding 2.49 pc, HDFC Bank by 1.85 pc, ICICI Bank by 1.78 pc and State Bank of India by 5.35 pc.

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