Weekly roundup: Nifty gains most since Jan-end, hits fresh high thrice

Midcap and Smallcap stocks outperformed the frontline indices to gain 4% and 3%, respectively

An eventful week it was. BJP's landslide victory in Uttar Pradesh, US Federal Reserve's less hawkish tone and an update on Goods and Services Tax (GST) pushed the Nifty50 index to its fresh lifetime highs thrice in a holiday-truncated week. Interestingly, Sensex remained over 350 points away from its all-time high of 30,025-mark, while rupee appreciated against dollar to its multi-month high. 

During the week ended March 17, the S&P BSE Sensex added 2.4% or 702 points to settle at 29,649, while Nifty50 gained 2.5% or 225 points to close at 9,160. The Nifty index had reclaimed its crucial 9,200-mark for