Stocks: Both the benchmark indices, Sensex and Nifty surged to their historic intra-day peaks of 27,225.85 and Nifty 8,141.90 during the week on aggressive buying on strong foreign capital inflows on the back of robust economic growth, extending gains for the fourth straight week.
The Sensex rallied three out of five trading sessions of the week as in last two sessions it met with profit-booking.
A host of positive developments on domestic as well as global fronts helped the market go on winning spree.
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The sentiment turned bullish as capital inflows picked up after economic growth improved to two-and-a-half year high of 5.7 per cent in the April-June quarter, brokers said.
FPIs/FIIs invested Rs 4,813.38 crore during the week as per Sebi's record including the provisional figure of September 5.
The market also got a boost after Prime Minister Narendra Modi Monday promised to remove roadblocks to foreign investment and said that economy was out of difficult situation and more reforms were in the offing.
After better-than-expected GDP data, the current account deficit (CAD) narrowed sharply to 1.7 per cent of GDP in the April-June quarter against 4.8 per cent of GDP in Q1 FY14 mainly due to decline in gold imports and rise in exports, goving boost to current rally.
Japan Monday announced doubling of its private and public investment in India to about USD 34 billion over the next five years also has a positive sentimental impact on local bourses.
Sensex opened higher at 26,733.18 and shot up further to an all-time intra-day high of 27,225.85 before concluding the week at 27,026.70, showing a gain of 388.01 points or 1.46 per cent. In straight four week, it has jumped 1,697.56 points or 6.70 per cent.
