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Sensex rises by 554.12 points in the week
Sensex rises by 554.12 points in the week
Business

Sensex this week: Up by 192.33 pts amid buying support

Agency News

Mumbai, Mar 2 : The benchmark index of Bombay Stock Exchange (BSE) rose 192.33 points at 36,063.81 in the week ended Friday amid broad based buying support.

The Nifty 50 index too moved up by 71.85 points at 10,863.50. Of five sessions during the week, three days the equity market remained negative, following tension on Indo-Pak border. Volatility was high amid escalating geopolitical tensions between India and Pakistan. Derivative expiry on Thursday also fuelled volatility.

The BSE Mid-Cap index rose by 333.08 points or 2.35 percent to settle at 14,502.82. The BSE Small-Cap index rose 464.02 points or 3.43 percent to settle at 13,981.73.

Trading for the week began on a strong note. Domestic stocks logged strong gains on Monday led by steady buying demand in index pivotals. The barometer index, the S&P BSE Sensex, gained 341.90 points at 36,213.38. The Nifty 50 index gained 88.45 points at 10,880.10. Positive global stocks boosted investors' sentiment.

On Tuesday, the Sensex fell by 239.67 points at 35,973.71. The Nifty 50 index declined 44.80 points at 10,835.30. The Sensex settled below the psychological 36,000 level after moving above and below that level in intra-day trade. After witnessing wild swings in intra-day, the Sensex on Wednesday eased by 68.28 points 35,905.43. It further slipped by 37.99 points to 35,867.44.

Intra-day volatility was high as traders rolled over positions in the F&O segment from the near month February 2019 series to March 2019 series. The February 2019 F&O contracts expired that day.

On Friday, the Sensex recovered by 196.37 points at 36,063.81. The Nifty 50 index rose 71 points at 10,863.50. Positive global stocks boosted sentiment. Broader market rallied on strong buying support.UNI