Market bounces back this week amid FII support ignoring currency weakness

Indian equity market recovered the previous weeks losses and rose 1 percent in the truncated week ended October 7 amid FII and DII support, higher than before GST collection and mixed global markets ahead of the US non farm payroll data, ignoring the depreciating rupee.

For the week, BSE Sensex rose 764.37 points or 1.33 percent to close at 58,191.29, while the Nifty50 added 220.3 points or 1.28 percent to end at 17,314.65 levels.

BSE Mid-cap Index added 2 percent. Gainers included JSW Energy, Bharat Forge, Zee Entertainment Enterprises, Mahindra and Mahindra Financial Services, Deepak Nitrite, Oil India and Persistent Systems