Indian stock benchmark indices ended the week over one percent higher as positive international developments boosted the markets. Improved trade sentiment in view of the US-China trade deal coming to its First-phase, pushed the indices higher.
IN the weekend Friday, markets rose significantly, led by gains Banking indices, metal and auto stocks, as trade tensions between the United States and China eased.
The BSE benchmark Sensex closed 428-pts higher at 41,010, and the Nifty50 ended 115-pts up at 12,087. Looking on a weekly basis, both the Nifty and Sensex added 1.4-pc each.
The Nifty PSU Bank advanced 4.5% for the week, while the Nifty Auto and Nifty Metal were up 3% each. The BankNifty advanced 2.2-pc and the Nifty Financial-Services went up 2.5pc for the week.
Also, the Nifty Realty and Nifty Energy index advanced more or less 1.5% each, while Nifty media lost 1% and Nifty IT slipped 0.6% this week. To Avail best Nifty future Tips and the top Nifty Option tips visit our website.
Top Nifty Weekly Gainers and Losers: IndiaBulls Housing (up 13.43%), Tata Motors (up 9.14%), Tata Steel (up 6.24%), Eicher Motors (up 5.33%), Vedanta (up 5.25%), and Hindalco (up 5.20%), were the Top Nifty Gainers this week, whereas Yes Bank (down 16.7%), Bharti Airtel (down 3.83%), HCL Tech (down 3.06%), Bharti Infratel (down 2.81%), and Zee Entertainment (down 2.78%), were the top weekly losers in the Nifty.