Indian Market ended positive on Friday, last trading day of week on back on strong asian clues. Market withnessed sharp rally in second half of trading day, wipping the first half losses. This led to markets closed with decent gains after two days of losses. Buying seen in Bluechip stocks like Reliance, Hindalco, Reliance Infra, Reliance Communication, Power, oil & gas, metal and PSU stocks. Sensex ended the day with a gain of 230.07 points, or 2.36% at 9,964.29 after touching a high of 10,065.37 and a low of 9,631.59. The broad-based NSE Nifty gained 80.35 points, or 2.78% at 2,973.00 after hitting a high of 3,010.00 and a low of 2,860.10.

 Indian market close on positive zone for two consecutive week, Sensex and Nifty have gained 1.8% and 3% respectively week-on-week.  Among the sectoral indices, BSE Realty and Power indices gained the most during the week, up 18.4% and 12.3% respectively, while IT and Metal indices were the top losers, shedding 6.7% and 4% respectively.

Data showing rise in infrastructure sector output and positive global cues helped the domestic bourses snap losses in the preceding two trading session.

All the BSE sectoral indices closed in green for the day. Power and Oil & Gas indices were the top gainers, up 4.4% and 3.4% respectively. Reliance infra and Hindalco were the top gainers among sensex stocks, putting on 11% and 6.6% respectively, while M & M and ICICI bank lost 1.8% and 0.7% respectively.

 

Asian stocks ended in the green, after falling in the initial hours of trade due to slowing global economy driving down commodity prices and Toyota Motor and Olympus lowering profit forecasts.