Sensex, Nifty recorded modest gains this week. The Sensex settled above the 36,009.84 after budging above and below that stage in the week. The Nifty ended at 10,795-mark. For the week, the BSE Sensex rose 0.9 percent and the NSE Read more
Reliance Communications Limited (RCom) and Reliance Infrastructure Limited rose substantially on NSE and BSE after the apex court gave a clean chit to the Modi govt on Rafale deal.
Realty, FMCG and Pharma gained up 1.89%, 0.3% and 0.01%, respectively. For the week, Nifty fell 1.46%.
The domestic stock market is likely to remain volatile in the run-up to the general elections that are held in the aforesaid states and the political uncertainty will limit valuations to some extent in the near-term as well.
Stocks from the majority of the sectors witnessed a steel recovery, except the IT sector. The stock rally was led by strong buying in oil marketing company stocks, including Bharat Petroleum, Hindustan Petroleum and Indian Oil Corp.