Markets clock 4th straight weekly gain

The index has gained 5.3% in the past four weeks

Photo: Shutterstock
bull market, rise, rally, sensex, share
BS Reporter
Last Updated : Feb 18 2017 | 1:45 AM IST
Domestic markets on Friday clocked their fourth straight weekly gain amid positive global investor sentiment. 

Benchmark Sensex gained 0.6 per cent, led by gains in HDFC Bank and Sun Pharmaceuticals. 

The index has gained 5.3 per cent in the past four weeks. 

The broad-market BSE 500 index on Friday touched an all-time high on an intra-day basis, but failed to register a new closing high by a whisker. 

The BSE 500 index too has gained six per cent in the past four weeks. 

Technical analysts say Nifty faces an important resistance of 8,870, which if broken could take the index to 9,000 levels. 

The Nifty 50 index on Friday ended at 8,821.7.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story