Weekly roundup: Sensex, Nifty add over 1%; broader markets outperform

Expert says the ongoing pause offers a fresh opportunity to those who have missed the recent surge

A smart rally on the Budget day pushed the market to end the week higher with Nifty reclaiming its crucial 8,700 mark, however, the cautious sentiment ahead of the Reserve Bank of India’s policy meeting and visa woes on the IT sector kept the momentum slow in the last two trading sessions. 

During the week ended February 03, the S&P BSE Sensex added 1.3% or 358 points to settle at 28240, while Nifty50 gained 1.2% or 100 points to close the week at 8741. 

Midcap and Smallcap stocks outperformed. The BSE Midcap index rose 2.5%, while the BSE Smallcap index surged 2.4%.

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