Shrugging-off global volatility, the truncated week saw the benchmark Sensex extending its rally for the second straight week to log the psychological 26K-level and the broader Nifty marking the crucial 7,900.
The holiday shortened week started with stocks trading sluggish amid volatility due to November monthly expiry derivative contracts and global weakness following renewed Chinese growth concerns as commodities witnessed a slide.
The sentiment got pepped-up despite volatility on the November derivative expiry day which coincided with the opening of Winter Session of the Parliament amid hopes over much belated Goods and Services Tax talks on the roll as the market players opted for hectic short-covering and value-buying in fundamentally strong shares.
Also, gains in European market supported the sentiment.
Expectations on GST Bill during the current Parliament session further fuelled after Prime Minister Narendra Modi invited Congress President Sonia Gandhi and senior leader Manmohan Singh for tea, leading investors to enlarge positions.
The Sensex resumed resumed higher at 25,945.14 and hovered between a high of 26,184.65 and low of 25,703.86 before ending the week at 26,128.20, showing a gain of 259.71 points or 1.00 per cent.
The Sensex gained by 517.67 points,or 2.02 per cent, in last two weeks.
The 50-share Nifty also rose by 86.15 points or 1.10 pc to 7,942.70. It gained 180.45 points, or 2.32 per cent, in last two weeks.
Buying was led by Realty, Banking, Oil&Gas, PSUs, Auto, Power, Tech, Metal, Consumer Durables, IT and Capital Goods sectors, well supported by midcap and smallcap companies shares, while HealthCare and FMCG segments saw some selling.
Foreign portfolio investors (FPIs) continued their selling
spree during the week as they sold a net Rs 1,326.05 crore as per the SEBI's record including the provisional figure of November 27.
The BSE Mid-cap index rose by 126.16 points or 1.16 per cent to settle at 10,984.57 and the BSE Small-cap index also gained by 178.13 points, or 1.57 per cent, to close at 11,545.84. Both these indices outperformed the Sensex.
From the 30-share Sensex pack, 20 stocks rose and 10 were losers during the week which ended November 27, 2015.
Major gainers from the Sensex pack were Hero Motocorp (5.48 per cent), Gail (5.38 per cent), Tata Motors (3.65 per cent), Reliance (3.50 per cent), SBI (2.70 per cent), Axix Bank (2.50 per cent), Hindunilever (2.51 per cent), M&M (2.40 per cent), HDFC (2.17 per cent) and Sun Pharma (1.85 per cent).
However, Dr Reddy's fell by 7.46 per cent followed by Maruti 3.34 per cent, TCS 1.79 per cent, VEDL 1.40 per cent, NTPC 1.30 per cent and Cipla 0.52 per cent.
Among the S&P BSE sectoral indices, realty rose by 4.37 per cent, bankex by 1.99 per cent, oil and gas by 1.81 per cent, auto by 1.09 per cent, power by 0.91 per cent, tech by 0.78 per cent, metal by 0.44 per cent and consumer durables by 0.33 per cent, while healthcare fell by 0.51 per cent and FMCG by 0.33 per cent.
Both the stock exchanges were closed on Wednesday, November 25, on account of 'Gurunanak Jayanti'.
The total turnover at BSE and NSE fell to Rs 11,087.94 cr and Rs 69,864.40 cr respectively from the previous weekend's level of to Rs 13,611.90 cr and Rs 77,391.75 cr respectively.
The rupee continued to decline against the American
currency for the seventh consecutive week, slipping by another 57 paise to close at a 2-year low of 66.76 per dollar on persistent USD demand from importers and banks amid sustained foreign capital outflows.
Foreign portfolio investors (FPIs) continued their selling spree during the week as they pumped out USD 121.44 millions during the first four days of the week as as per the Sebi's record.
The domestic currency opened lower by 66.27 as against the last weekend's level of 66.19 per dollar at the Interbank Foreign Exchange (Forex) market and dropped further to 66.8950 before ending at more than 2-year low of 66.76, showing a loss of 57 paise or 0.86 per cent.
The rupee had last ended at 67.07 on September 4, 2013.
The rupee has tumbled by 202 paise or 3.12 per cent in seven weeks.
It moved in a range of 66.24 and 66.8950 during the week.
In the global market, the euro extended its losses against the dollar, hitting a seven-month low versus the US currency during the week, on expectations that the European Central Bank will ramp up its monetary stimulus next month.
Several US economic indicators released on Wednesday, which were mostly positive, underscored expectations that the US central bank will start raising rates in December and lifted the US currency against the euro and the yen.
Meanwhile, the benchmark Sensex rose by 259.71, or 1 per cent, during the week.
In New York Comex trade, gold for delivery in February
fell at USD 1,188.40 an ounce as compared to last weekend's close of USD 1,204.90, however silver for March also rose to settle at USD 17.136 an ounce from USD 17.032.
On the domestic front, standard gold (99.5 purity) resumed higher at Rs 29,225 per 10 grams from last Friday's closing level of Rs 29,050, later moved in a range of Rs 29,310 and Rs 28,725 before closing at Rs 28,705, showing a fall of Rs 345 per 10 grams, or 1.19 per cent.
Similarly, pure gold (99.9 purity) also commenced higher at Rs 29,375 per 10 grams from previous weekend's level of Rs 29,200 and later hovered in a range of Rs 29,460 and Rs 28,875 before finishing at Rs 28,855, revealing a loss of Rs 345 per 10 grams, or 1.18 per cent.
Silver ready (.999 fineness) opened positive at Rs 41,950 per kilo from its previous weekend level of Rs 41,485, and later drifted to a low of 41,410 before ending at Rs 40,890, registering a loss of Rs 595 per kilo, or 1.43 pct.
Bullion market remained closed on 26, Jan. 2017 for "Republic Day" holiday.
Oils and Oilseeds: Groundnut oil slips, refined
palmolein ended stable, while non-edible oil recouped marginally at the Vashi oils and oilseeds wholesale market during the week under review.
Groundnut oil slipped towards fag-end of the week following lower demand from stockists and retailers amid ample supply from the producing belt.
Refined palmolein showed bout of buying and selling in a volatile trade and finally ended stable in absence of any worthwhile buying support.
Castorseeds bold and castoroil commercial recovered due to renewed offtake from shippers and soap industries.
Linseed oil declined owing to subdued offtake from paint and allied industries.
Turning to edible oils section, groundnut oil resumed steady at Rs 1,020, later drifted at the fag end of the week settle at Rs 1,010 compared to last Saturday's closing level of Rs 1,020, showing a fall of Rs 10 per 10kg.
Refined palmolein prices commenced steady at Rs 625, later rose further to Rs 628 before ending steady last Saturday's closing level of Rs 625 per 10 kg.
Moving to non-edible segments, castorseeds bold opened lower at Rs 3,965 and moved in a range of Rs 3,965 and 3,980 before concluding at Rs 4,000 from last weekend level of Rs 3,975, revealing a modest gain of Rs 25 per 100kg.
Castoroil commercial also started lower at Rs 823 and hovered in a range of Rs 823 and Rs 831 before ending at Rs 830 from previous weekends level of Rs 825, showing a mild rise of Rs 5 per 10kg.
Linseedoil opened stable at Rs 925, later fell to finish at Rs 900 from previous weekend's level of Rs 925 per 10kg, revealing a loss of Rs 25 per 10kg.
