Weekly roundup: Stock specific moves push Sensex up for 5th straight week

The market ended postive thanks to a smart rally in TCS, HDFC Bank, Axis Bank and RIL

It was a week of stock specific moves. The market ended positive for the fifth consecutive week thanks to a smart rally in stocks like TCS, HDFC Bank, Axis Bank and Reliance Industries in an otherwise a holiday-truncated expiry week. Globally, low probability of US Federal Reserve hiking interest rates in US in its March policy meeting also contributed to the buoyant sentiment. 

During the week ended February 23, the S&P BSE Sensex added 1.5% or 424 points to settle at 28893, while Nifty50 gained 1.3% or 118 points to close at 8939. 

Midcap and Smallcap stocks also mirrored the