Stocks: Both the indices, Sensex and Nifty, ended higher by 585 pts and 151 pts respectively on fresh buying mainly in Healthcare, Capital Goods, Power, Banking and Auto sectors from domestic and foreign funds.
The benchmark indices started the week on a bullish note on positive global cues, however midway it lost its momentum and started consolidating amidst mixed global cues and inflation data released by the RBI.
The Nifty started the week at 9,971.75 and traded in the range of 9,968.80-10,131.95. The index closed for the week at 10,085.40, up 1.52 pct. After opening at 31,798.31, the Sensex gained 585.09 pts or 1.85 pct this week to close at 32,272.61, trading in a range of 31,797.89-32,348.30.
The Indian market condition remains in Uptrend Under Pressure.
On the sectoral front all the sectors posted gains for this week. Nifty Pharma (+5.63 pct), Media (+1.97 pct) and Bank (+1.81 pct) indices were the top three sectors to post gains.
The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at 3.24 pct (provisional) for August 2017, compared with 1.88 pct (provisional) in July 2017.
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