Sensex spurts 850.15 pts during week

Sensex spurts 850.15 pts during week

MUMBAI [Maha Media]: The Indian equity market kept it's supremacy for the third straight week as the BSE Sensex zoomed up 850.15 point or 2.42 per cent, breaching 36K level at 36,021.42 in week under review on positive global cues.

The Nifty of National Stock Exchange (NSE) gained 224.35 points or 2.16 PC to settle at 10,607.35.

Global stocks rose on optimism about a continued recovery in economic activity, offsetting the concerns raised by an unabated rise in virus infection.

Recovering domestic macro data also cheered Investor sentiment. BSE Mid-Cap index added 30.26 or 0.23 pc to settle at 13,288.70. The BSE Small-Cap index fell 27.26 points or 0.22 pc to settle at 12,603.02.

On Monday, on the back of mixed global cues amid rising coronavirus cases. The ongoing IndoChina border tensions also weighed on investor sentiment Sensex declined 209.75 points or 0.6% at 34,961.52.The Nifty fell 70.60 points to settle at 10,312.40.

On Tuesday, the Sensex declined 45.72 points to settle at 34,915.80. Nifty too fell 10.30 points at 10,302.10 and from Wednesday it kept it's Winnipeg streak intact till Friday.

On Wednesday, positive Asian cues and recovering domestic macro data cheered Investor Sensex rallied 498.65. points to settle at at 35,414.45. The Nifty jumped 127.95 points to settle at 10,430.25.

On Thursday, mirroring positive global markets Sensex rallied 429.25 points to settle at 35,843.70. Nifty jumped 121.65 points to settle at 10,551.70.

On Friday, July 3, 2020, Sensex rallied 177.72 points to settle at 36,021.42. Nifty spurted 55.65 points to settle at 10,607.35.

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