Benchmarks clawed back lost ground on Thursday, as a weak rupee buoyed the appeal of technology shares amid a mixed trend overseas
Analysts attribute this pessimism in equities to weak domestic cues, including delay in earnings recovery
The NSE Nifty rose 98.1 points, or 0.97%, to end at 10,211.8, while the Sensex added 287 points, or 0.9%, to close at 33,255.36
On a weekly basis, the Sensex rose 372.14 points, or 1.14%
The Sensex and the Nifty have come off by over 9% from their all-time highs reached end-January
This is its highest closing since November 29 when it had closed at 33,602.76
The 30-share Sensex stayed in the green throughout and is the highest since November 30
Major gainers were HUL 1.37%, HDFC with 1.25% and Tata Motors with 1.06%
Fund managers would find it tough to beat the market going ahead, says Sunil Subramaniam
Risk appetite took a back seat, reflecting mixed Asian shares on lingering concerns about American tax reforms, traders said
The GST Council's decision last week to make things easy for exporters and small and medium businesses came as a positive move