Easing of inflation provided space for the Reserve bank of
Retail inflation in June touched its lowest mark at 7.31 per cent since
The apex bank eased financing norms for infrastructure development and affordable housing, exempting long term bonds from mandatory regulatory norms like CRR and SLR if the money raised is used for funding of such projects, which boosted the shares from interest rates related segments.
Metal and mining counters too were in demand after a report showed that
Revival of monsoon amid growth in merchandise exports in
Country's exports grew by 10.22 per cent in June this year while imports rose by 8.33 per cent.
The Sensex open higher at 25,093.16 and hovered in a wide range of 24,892.00 and 25,713.40 before settling the week at 25,641.56, disclosing a sharp gain of 617.21 points or 2.47 per cent.
The CNX 50-share Nifty also rose by 204.30 points or 2.74 per cent to end at 7,663.90.
However, the market has been slightly affected on concerns over geopolitical tension after news that Malaysian airlines Jet downed at the
"Quarterly results, especially from IT majors, were above estimates and improved sentiments," said
However, HUL 2.95 per cent,
The small-cap and mid-cap indices of BSE also firmed up by 5.09 per cent and 4.25 per cent on good demand from retail investors and outperformed the benchmark Sensex.
The Indian rupee depreciated further by
At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced slightly lower at 59.95 a dollar from last weekend's close of 59.93 and immediately touched a high of 59.90.
Later, it continued to rule under pressure and fell to a low of 60.46 before recovering some ground to settle the week at 60.28, still showing a fall of
The benchmark S&P BSE Sensex this week spurted by 617.21 points or 2.47 per cent while FIIs infused
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