Market posts third weekly gain in a row, up 135 points

Stocks: The Indian markets managed to post its third consecutive weekly gain, treading waters amid lacklustre bluechips earning numbers and largely unexciting economic data led both the BSE Sensex end above the key 27,000-levels and the broader Nifty above 8,200-mark.
Dealing in IT segments ruled the roost during the weeks mostly range-bound trade, with the IT major Infosys notable September quarter net profit imperiled by disappointing lower revenue forecast, while the IT service major TCS dull Q2 number added selling pressure on software stocks throughout the week.
The momentum was further jeopardized by rising September CPI inflation data, thinning exports due to global slowdown pressure along with weak Chinese economic data, though the market players shrugged of the strong macro indicator of IIP data of nearly three year highs.

Equities turn-around witnessed from the fourth session of the week amid firm global rally with weak US economic data further optimized the delay in Federal Reserve raising of its key interest rates this year, as the buying in heavy weights like Tata Motors which gained after its Jaguar Land Rover unit reported a 3 per cent rise in September sales as well as fundamentally strong stocks led the key indices to recapture its psychological-levels.
The Sensex resumed higher at 27,242.60 and hovered between a high of 27,305.04 and a low of 26,713.28 before closing at 27,214.60, showing a gain of 135.09 points or 0.50 per cent.

It has gained 1,351.10 points or 5.22 per cent in three weeks.

The CNX 50-share Nifty also moved-up 48.45 points, or 0.50 per cent, to 8,238.15. It has also gained 369.65 points of 4.70 per cent in three weeks.
Buying was mainly seen in Capital Goods, Auto, Oil & Gas, Power, Metal, Banks, Consumer Durables and PSUs also supported by shares of mid-cap and small-cap shares.
However, selling was led by IT, Tech, HealthCare and FMCG counters.