Weekly Review: Sensex gains 147pts

The Sensex continued its north-bound journey for the sixth straigth week. Despite sectoral rotations and profit-taking, the index managed to post a decent gain of 147 points to end the week at 13,430.

The index ended higher in four out of five sessions with focus shifting from technology to banking and cement stocks. The market  witnessed significant profit-taking on Friday.

The index touched a new, all-time intra-day high of 13,678 in what possibly was a freak trade at the Inofsys counter on Friday when the stock opened at Rs 2,401.

INDEX MOVERS & SHAKERS

ICICI Bank was the major contributor to the index upmove during the week ended November 17. The stock added 61 points followed by HDFC (40 points), Bharti Airtel (39 points), SBI (34 points), Infosys and HDFC Bank (33 points each).

Reliance was the biggest dragger on the index, and the stock pulled the index down by 33 points followed by HLL (23 points), ONGC (20 points), ITC and Tata Steel (17 points each).

INDEX GAINERS & LOSERS

ACC, SBI and HDFC Bank surged around 8% each to Rs 1,097, Rs 1,225 and Rs 1,126, respectively. HDFC rallied 7.5% to Rs 1,608. Bharti Airtel, NTPC and ICICI Bank gained 5-7% each.

Friday's drubbing saw Dr.Reddy's settle wih a loss of nearly 7% at Rs 736. Tata Steel, HLL, Hindalco, Hero Honda, ONGC and Cipla dropped 3-5% each.