Indian market: Sensex jumps 564.56 pts during week
Mumbai, Dec 14 (UNI) The BSE Sensex spurted by 564.56 points or 1.40 pc at 41,009.71 during the week ended on Friday on positive global cues.
Investors sentiments were boosted on optimism over US-China deal and hopes of a swift Brexit after thumping election win by Britain's Conservative Party.
The Nifty 50 index advanced 165.20 points or 1.39 pc to settle at 12,086.70.
The BSE Mid-Cap index gained 163.30 or 1.11 pc at 14,830.40 while the BSE Small-Cap index dropped by 6.69 points or 0.05 pc to settle at 13,332.66.
On Monday, the sensex registered small gains of 42.28 pts to 40,487.43 after a volatile session. The Nifty 50 index rose 16 points or 0.13 pc to 11,937.50.
The key equity market barometers ended with modest losses on Tuesday as negative global cues and firm crude oil prices spooked investors as the Sensex slid by 247.55 points at 40,239.88. The Nifty 50 index fell 80.70 points or 0.68 pc to end at 11,856.50.
Next three sessions the equity market was seen firm.
After a roller-coaster session on Wednesday, the BSE Sensex smartly recovered by 172.69 points or 0.43 pc to end at 40,412.57. The Nifty 50 index rose 53.35 points or 0.45 pc to settle at 11,910.15.
On Thursday, it further gained after multiple announcements by the Union Cabinet on Wednesday lifted investor sentiment as the Sensex rose 169.14 points to 40,581.71. The Nifty 50 index rose 61.65 points to 11,971.80.
The market ended with strong gains on Friday. The gains were supported by positive global cues triggered by US reaching 'deal in-principle' with China and Boris Johnson heading for crushing UK election victory. A dovish stance by the European Central Bank further helped to provide support.
The barometer index, the BSE Sensex, rallied by 428 points or 1.05 pc to 41,009.71. The Nifty 50 index rose 114.90 points or 0.96 pc to 12,086.70
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