Weekly Review on Stock for the week ended 29-March

The benchmark indices Sensex and Nifty ended 1% higher this week led by gains in auto, metal, realty and pharma sectors.  This week recorded a strong gain for the Indian indices led by significant foreign fund inflows ahead of election. Also markets boosted with expectation of the RBI to reduce interest rate in this monetary policy decision. Further investors are awaiting cues from the corporate results season which is going to commence from middle of April month.

The BSE Sensex closed on Friday at 38,673, up 127 points, while the NSE Nifty50 ended at 11,624, up by 54 points. In broader markets the Nifty Midcap index rose 1%, while the Nifty Smallcap was flat.

On weekly basis, the Sensex and Nifty ended 1 percent each. On monthly base, in March, the Nifty snapped 3-monthly declines to finish 7.7% higher, while Sensex settled 7.8% higher.

Among sectors, the Nifty Media rose 2.3% Nifty Bank rose 2.8%, the Nifty Energy rose 2%, the Nifty Metal rose 2% and the Nifty Pharma rose 1.6%

Banking and financial substantially gained on the Nifty50 this week. Indiabulls gained 18% this week, Yes bank gained 8.7% SBI up 7.6% and Bajaj Finance up 6.5%.