A morning walk down Dalal Street | Upside momentum to remain intact as long as Nifty trades above 11,062
Episode 1551, Aug 13, 2019, 01:30 AM
The Indian market snapped a four-week losing streak to close with gains of over 1 percent. The Nifty rose 1.02 percent while the S&P BSE Sensex closed with gains of 1.25 percent for the week ended August 9.
The S&P BSE Sensex is now back above 37,000 while the Nifty also managed to reclaim 11,100 levels for the first time since July 31.
The broader market performed in line with benchmark indices as the S&P BSE Midcap index rose 0.92 percent while the S&P BSE Smallcap index closed with gains of 1.62 percent for the week ended August 9.
More than 300 stocks in the S&P BSE 500 index closed in positive while as many as 19 stocks closed with gains of 10-30 percent which included names like Jammu & Kashmir Bank, Venky’s, Apar Industries, Future Consumer, Vinati Organics, Central Bank of India, Jet Airways, and SRF among others.
The Indian rupee is trading higher by 13 paise at 70.56 per dollar on Friday versus Thursday's close 70.69.
On the institutional front, FPIs were net buyers in Indian markets for Rs 203 crore while DIIs were also net buyers to the tune of Rs 606 crore, provisional data showed.