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 Sensex rises by 631.63 points in week ended August 30
Economy

Sensex rises by 631.63 points in week ended August 30

Agency News

Mumbai, Aug 31 :  The equity market posted a massive gain during the week ended on Friday, as the BSE Sensex spurted by 631.63 points or 1.72 per cent at 37,332.79 after the Finance Minister Nirmala Sitharaman announced measures to revive the economy.

The Nifty 50 index rose 193.9 points or 1.79 per cent at 11,023.25.

The Sensex closed above 37,000 mark. The Nifty also shut shop above 11,000 level.
The BSE Mid-Cap index rose 265.47 points or 2.01 per cent at 13,467.55. The BSE Small-Cap index rose 348.59 points or 2.86 per cent at 12,534.7.

On Monday, the key equity barometers posted robust gains in a highly volatile session as the Sensex rallied by 792.96 points or 2.16 per cent to 37,494.12. The Nifty 50 index jumped 228.50 points or 2.11 per cent to 11,057.85 on brisk buying in broad based with financial stocks making the biggest moves.

On Tuesday, the domestic shares rose for a third straight trading session on easing global trade war worries and expectations of more stimulus measures by the government boosted sentiment. A huge dividend from the Reserve Bank of India (RBI) to the government also supported buying. The sensex moved up by 147.15 points to 37,641.27. The Nifty 50 index rose 47.50 points or 0.43 per cent to 11,105.35.
Snapping a three-day winning streak, amid broad based selling pressure the Sensex on Wednesday fell by 189.43 points or 0.50 per cent to 37,451.84.

On Thursday, the Sensex further lost by 382.91 points to 37,068.93 weakness in financial stocks. Fears of a global recession, ongoing US-China trade tensions and uncertainty over Brexit spoiled investor sentiment.

On Friday, the BSE Sensex 30 August 2019, the market bounced back after sliding in the past two trading sessions. The barometer index, the S&P BSE Sensex, rose 263.86 points or 0.71% to 37,332.79. The Nifty 50 index rose 74.95 points or 0.68 per cent to 11,023.25.( UNI )