Friday 23 September 2016

Markets Weekly: Sensex, Nifty post marginal gains as US Fed maintains status quo on rates; Rupee jumps 0.34% -- 24 Sep 2016

Benchmark indices BSE Sensex and NSE Nifty ended the week with marginal gains after US Federal Reserve left key interest rates unchanged. Markets also got a boost from reports that foreign institutional investors poured over Rs 5,500 crore into the capital markets within a fortnight this month.


                                             
BSE Sensex and NSE Nifty ended the week with marginal gains after US Federal Reserve left key interest rates unchanged. Markets also got a boost from reports that foreign institutional investors poured over Rs 5,500 crore into the capital markets within a fortnight this month. For the week ended September 23, the 30-share index closed 69.19 points, or 0.24 per cent, up at 28668.22, while the Nifty 50-index jumped 51.70 points, or 0.59 per cent, to 8831.55.
In the Nifty 50-index, Hindalco, Eicher Motors, Aurobindo Pharma, Bharti Infratel and YES Bank gained 8.17 per cent, 7.20 per cent, 6.53 per cent, 5.46 per cent and 5.28 per cent, respectively. On the other hand, Axis Bank, Idea Cellular, Lupin, ITC and Tech Mahindra slipped by 7.60 per cent, 3.46 per cent, 3.27 per cent and 2.78 per cent, respectively, during the week.
Barring the BSE IT index (down 0.26 per cent) and FMCG index (down 0.26 per cent), all other sectoral indices ended the week in green. The BSE Metal index, Oil & Gas, Telecom, Realty and Consumer Durables index gained 3.46 per cent, 3.08 per cent, 2.02 per cent, 1.92 per cent and 1.42 per cent, respectively, in the past five trading sessions.
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