On Monday, the Sensex and Nifty closed in the green at 12,644.99 and 3,678.90, respectively. Technology, telecom, capital goods, banking and auto stocks gained. Mid-Cap and the small cap stocks also participated in the rally. The BSE Mid Cap closed at 5,286.67 and the CNX Midcap at 4664.35. Other than FMCG, all the other BSE sector indices ended in green. FIIs and mutual funds were net buyers at a very modest Rs 2.1 crore and Rs 33.07 crore respectively.
The upbeat mood in the market continued into Tuesday. The Sensex closed higher at 12, 705.94 and the Nifty at 3,697.60. This time too, mid- and small-caps gained. The BSE Mid Cap closed higher at 5331.39 and the CNX Midcap at 4722.65. Ranbaxy, the star performer gained on the back of the news that the company had opted out of the Merck bid. Jet Airways rose as US light crude oil for April delivery fell 52 cents to settle at $56.59 a barrel on the New York Mercantile Exchange. Mutual funds continued to buy and were net buyers at Rs 140.15 crore. FIIs turned out to be net sellers at Rs -249.9 crore.
On Wednesday, the bulls continued to rally. The Sensex and Nifty closed at 12, 945.88 and 3,764.55, respectively. Large-caps were on a roll and ONGC, ICICI Bank, HLL, Bharti Airtel and ITC were the star performers. BSE Mid Cap ended flat at 5341.13 and CNX Midcap slightly higher at 4761.45. Although the markets witnessed intra-day gyrations, all key sectoral indices ended in green. The FIIs turned out to be net buyers at Rs 136.3 crore and the mutual funds net buyers at Rs 56.33 crore.
On Thursday, the Sensex crossed the 13,000 market to close at 13, 308.03 and the Nifty at 3,875.90. Once again the rally belonged to the large-caps. But mid-caps also soared. The BSE Mid Cap and CNX Midcap closed higher at 5395.24 and 4837.6, respectively. Banking stocks did well after the finance minister said that money supply with banks will ease in coming days as the government will start spending funds from the budget marked for the fiscal year. HDFC Bank, SBI, ICICI Bank, Bank of India, Canara Bank and PNB were the big gainers. Mutual funds were net buyers at Rs 86.9 crore and FIIs at Rs 164.5 crore.
Despite FIIs being net buyers at Rs 713.1 crore, the market ended flat on Friday with just a marginal loss. The Sensex closed at 13,285.93 and the Nifty at 3,861.05. The BSE Mid Cap at 5401.33 and the CNX Midcap at 4854.5. All said and done, it was a week that belonged to the bulls.
BHEL was the topmost gainer with a 16.55 per cent gain. ITC finished at the bottom of the list.
The turnover was the highest on Friday at Rs 4012.09 crore (BSE) and Rs 8,203.63 crore (NSE).
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