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Indian benchmark indices post their best weekly gain since October

| | Feb 20, 2016, at 12:09 am
#BSE # Sensex # India stock market
Mumbai, Feb 19 (IBNS) The Indian benchmark indices, BSE Sensex and NSE Nifty managed to post their best weekly gain since October on Friday, and closed at 23,709 or up 60 points and at 7,211 or up 19 points, respectively.
Market sentiment remained subdued for the greater part on Friday following losses in the Asian markets and selling in oil & gas, FMCG, capital goods and metal stocks.
 
However, with the recovery in the European market during their early hours of trade and some buying evident in Indian banking and blue-chip stocks, the Indian market was able to post its third consecutive day of gains.
 
Some of the notable gainers on Friday were SBI, Hero MotoCorp, Asian Paints, Bajaj Auto, NTPC, Bharti Airtel and M&M.
 
The losers included Maruti Suzuki, BHEL, Coal India, Axis Bank, Dr Reddy’s Lab, HDFC Ltd, Sun Pharma, Adani Ports, Cipla, HDFC Bank and Hindustan Unilever.
 
SpiceJet's share price increased by more than 4 per cent on Friday after industry data showed that the budget carrier had recorded the highest load factor among Indian carriers in January, according to media reports.

 

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