Stocks: BSE Sensex extended its gains for a second week in row by garnering 189.43 points to close at 26,843.03 after marking a seven-month high of 27K-level, while the broader Nifty reclaimed the psychological 8,200-level to end at 8,220.80.
The weak trading pattern intimidated by the US non-farm Pay Roll data, which rule the policy action by the US Fed and fresh Chinese economic health worries generated after its lackluster manufacturing PMIs.
The market overcame the languishness following optimistic domestic GDP data for January-March quarter which surged by 7.9 per cent, an overall growth to a five-year highs of 7.6 per cent for the entire fiscal, rising production of eight core sectors by 8.5 per cent and above normal monsoon forecast from MET department.
Though tricky situations prevailed due to slower but positive manufacturing and service sectors PMI data release raising clamour for rate cut from RBI, which also nagged the stock momentum during the week.
The BSE Sensex opened higher by 26,694.75 and hovered between a highs of 27,008.14 and a low 26,561.58 before ending the week at 26,843.03, showing a gain of 189.43 points, or 0.71 per cent.
Last week, Sensex gained 1,352 points, or 5.31 per cent.
While, NSE Nifty-50 also closed higher by 64.15 points, while reclaiming the psychological 8,200-level to end the week at 8,220.80.
It also gained 406.95 points, or 5.25 per cent during previous week.
The week witnessed bouts of buying led by Metals, Auto, Power, PSUs, Banks, IT, Teck, FMCG followed by secondline shares of midcap and smallcap companies.
While, profit-booking were seen in Consumer Durables, HealthCare, CapitalGoods, Realty and Oil&Gas sectors.
Meanwhile, foreign portfolio investors (FPIs) and
foreign institutional investors (FIIs) bought shares worth Rs 2,334.96 crore during the week, as per Sebi's record including the provisional figure of February 03.
In the broader market, the BSE Mid-Cap index gained 320.68 points or 2.47 per cent to settle at 13,285.41. The BSE Small-Cap index gained 309.98 points or 2.36 per cent to settle at 13,422.10. Both these indices outperformed the Sensex.
Among sectoral and industry indices, realty rose by 5.14 percent, followed by capital goods 4.16 per cent, FMCG 3.38 per cent, bankex 2.53 per cent, healthcare 1.84 per cent, consumer durables 1.10 percent and metal 0.71 per cent, while It fell by 1.88 per cent, power0.60 per cent, auto 0.24 per cent, teck 0.09 per cent and oil&gas 0.02 per cent.
Among the 30-share Sensex pack, 19 stocks advanced and remaining 11 stocks fell during the week.
Key benchmark indices posted strong gains led by Index heavyweights Bharti Artl rose by 9.34 percent followed by ITC 5.81 per cent, Cipla 4.84 per cent, dr Reddy 4.76 per cent, SBI 4.09 per cent, Axis Bank 3.57 per cent, ICICI Bank 3.44 per cent, Maruti 3.32 per cent, Coal india 2.92 per cent and L&T 2.76 per cent.
While, TCS lost 5.27 per cent the stock was the biggest loser from the Sensex pack followed by Tata Motors 4.01 per cent, NTPC 2.77 per cent, Wipro 2.02 per cent, ONGC 1.76 per cent, Bajaj Auto 1.51 per cent, Power Grid 1.42 per cent, Gail 0.93 per cent and HUL 0.88 per cent.
The total turnover during the week on BSE and NSE rose to Rs 17,047.57 crore and Rs 1,29,260.76 crore, respectively, as against last weekend's level of Rs 14,237.93 crores and Rs 92,475.26 crores.
Bullion: Riding on a firm trend overseas and good
investor offtake and increased wedding season buying by jewellers led the gold to regain its sheen from its last week fall by soaring Rs 290 per 10 grams to Rs 28,995 at the bullion market during the week.
Traders said persistent buying by jewellers and retailers to meet ongoing wedding season demand amid firm global trend, kept gold prices higher.
Demand for gold rose this week as many jewellers resumed purchases after having stayed away for a few weeks hoping for an import duty cut in the week's Union-budget, but only to keep unchanged by the government.
Silver also rebounded sharply and reclaimed the crucial Rs 41,000-mark per kg on the back of increased offtake by industrial units and coin makers.
In worldwide trade, Gold prices edged up for its best weekly gain in seven months after the US dollar lost some ground following the most recent reading of the closely watched jobs report.
For the week, the yellow-metal prices climbed 2.4 per cent, the strongest since the week of June 10, while the white-metal was also up 1.7 per cent.
In New York Comex trade, gold for April delivery fell
to settle at USD 1,226.50 an ounce as compared to last weekend's close of USD 1,258.30, while May silver contract also dipped to close at USD 17.74 an ounce from USD 18.34.
On the domestic front, standard gold (99.5 purity) resumed higher at Rs 29,660 per 10 grams from last Friday's closing level of Rs 29,305, later drifted to conclude at 29,145, revealing a loss of Rs 160, or 0.55 per cent.
Pure gold (99.9 purity) also commenced higher at Rs 29,810 per 10 grams compared to preceding weekend level of Rs 29,455, later dropped to close at Rs 29,295, showing a fall of Rs 160, or 0.5 per cent.
Silver ready (.999 fineness) also opened higher at Rs 44,010 per kilogram from last Friday's closing level of Rs 43,255 but later plunged to settle at Rs 42,850 from last weekends' level of Rs 43,255, showing a loss of 0.94 per cent.
Oils and Oilseeds: refined palmolein eases further,
groundnut oil and linseed oil rules stable, while industrial oils rebounds at the Vashi oils and oilseeds wholesale market during the week under review.
Refined palmolein continued its downtrend for the fourth straight week to eased further due to subdued offtake from retailers.
While, groundnut oil ruled steady all through the week in absences of any worthwhile buying activity.
In non-edibles, castorseeds bold and castoroil commercial recouped smartly owing to renewed demand from soap and shippers industries.
Linseed oil prices held stable due to lack of demand from paint and allied industries.
In the edible oil segment, groundnutoil opened and closed at the last weekend's level of Rs 980 per 10 kg.
Refined palmolein resumed lower at Rs 578 and drifted to Rs 575 before concluding at Rs 580 from previous weekend's level of Rs 584 per 10kg, revealing a loss of Rs 4 per 10 kg.
Among the non-edibles, castorseeds bold commenced higher at Rs 4,005 and climbed to end at Rs 4,165 as against last Saturday's level of Rs 3,975 per 100kg, showing a rise of Rs 190 per 100 kg.
Castoroil commercial also opened higher at Rs 831 and rose to finish at Rs 863 from the preceding weekend's level of Rs 825, registered a rise of Rs 38 per 10 kg.
Linseed oil opened and closed at previous weekend's level of Rs 850 per 10kg.
