Markets end week with 2% rise; Capital Goods, Healthcare, Auto gain - The New Indian Express

Markets end week with 2% rise; Capital Goods, Healthcare, Auto gain

Published: 01st March 2014 05:18 PM

Last Updated: 01st March 2014 05:18 PM

Indian indices ended the truncated week with by 2% gains on the back ofmixed global markets and also supported by FIIs. Indian markets started the week on a muted note as both benchmark indices traded in a narrow range ahead of F&O February series expiry on Wednesday. Both the benchmark indices ended at their month-high levels with Sensex re-gaining 21,000 key psychological marks. Capital Goods, Healthcare and Auto sector were the major gainers.

Indian economy grew at 4.7% during third quarter of fiscal 2014. The market had forecasted growth for gross domestic product (GDP) at 4.8%. GDP growth stood at 4.8% in the second quarter of current fiscal.

The 30 share index, Sensex rose 419.37 points, or 2.03%, to 21,120.12 in the week ended Feb. 28, 2014. On the other hand, the broad based NSE Nifty climbed 121.5 points, or 1.97%, to 6,276.95 in the same period.

Commenting on the outlook, Sanjeev Zarbade, vice president- private client group research, Kotak Securities said, "Going ahead, the markets would continue to follow developments on the political scene and geopolitical developments in Ukraine.â

Mid-cap stocks gained 78.37 points, or 1.22%, to 6,500.42 in the week. While small-cap shares climbed 51.71 points, or 0.81%, to 6,445.04 during the week.

Major gainers over the week in the sectoral indices were Capital Goods gained 5.31%, Healthcare up 4.54%, Auto rose 3.54%, BSE Consumer Durables climbed 2.80%, and IT went up 2.34%.

Metal dropped 3.44%, Power fell 1.25%, and Realty lost 0.45%, among major losers in the sectoral indices over the week.

Major gainers in 30-share index were Bharat Heavy Electricals (11.10%), Hindalco Industries (7.52%), Dr Reddy's Laboratories (6.32%), Larsen & Toubro (5.39%), and Tata Motors (5.33%) over the week.

On the other hand NTPC (14.79%), Tata Steel (7.98%), Maruti Suzuki India (5.28%), Coal India (2.87%), and Jindal Steel & Power (2.83%) were the biggest losers in the Sensex over the week.

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