The market managed to finish the first week of calendar year 2017 marginally higher thanks to the continuous jaunty buying by domestic institutional investors (DIIs) even as an inconclusive Goods and Services Tax (GST) meet, hawkish minutes of meeting from the US Federal Reserve, fall in manufacturing activity in December and H1B visa woes kept the momentum shaky through the week.
During the week ended January 06, the S&P BSE Sensex added 0.5% or 133 points to settle at 26759, while Nifty50 gained 0.7% or 58 points to close the week at 8244.
Midcap and Smallcap stocks jumped. The BSE Midcap