Stocks: Encouraging macro datas and FIIs inflows helped Sensex to finally capture the milestone of 28K-level and Nifty to hit fresh record highs during the week.
The feel good factors like fall in CPI and WPI inflation along with rebound in Industrial production growth bolstered the market sentiment amid hope of RBI opting for early rate cut and real growth fundamentals.
The week also saw volatility and bouts of profit- booking at higher levels as government hiked excise duty on petrol and diesel prices bringing back fears of inflationary pressure and continuation of RBIs cautious policy.
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Sharp decline in global crude oil prices also lifted the bourses.
Good buying was seen in FMCG, Auto, Realty, Banking, Consumer Durables, IT, Metal and Teck sectors along with shares of Mid-Cap and Small-cap companies.
Profit-booking at higher levels were witnessed in Oil & Gas, Power, Capital Goods and HealthCare segments.
The sensex resumed higher at 27,919.45 and rallied between lifetime high of 28,126.48 and a low of 27,764.75 before closing the week at 28,046.66, showing a smart gain of 178.03 points or 0.64 pct.
The CNX 50-share Nifty also gained 52.90 points or 0.63 per cent to conclude at 8,389.90, after crossing the psychological 8,400 level during the week.
