Market rally continues on 4th week led by sustained FII buying, better earnings
2023-04-18 07:13:20
The stock market gained nearly 2 percent and continued the winning streak for the fourth consecutive week ended on August 12. The market started a holiday-shortened week on strong note and extended the rally as the week progressed amid supportive global markets after better US inflation data, sustained FII buying, falling dollar and global commodity prices, strong earnings and good monsoon.
For the week, the BSE Sensex gained 1,074.85 points (1.84 percent) to end at 59,462.78, while the Nifty50 added 300.7 points (1.72 percent) to close at 17,698.2 levels.
For the week, the BSE Sensex gained 1,074.85 points (1.84 percent) to end at 59,462.78, while the Nifty50 added 300.7 points (1.72 percent) to close at 17,698.2 levels.
The BSE Large-cap Index rose nearly 2 percent led by Zomato, Piramal Enterprises, Zydus Lifesciences, Hindalco Industries, Adani Transmission, Coal India, Adani Enterprises and UPL.
The BSE Large-cap Index rose nearly 2 percent led by Zomato, Piramal Enterprises, Zydus Lifesciences, Hindalco Industries, Adani Transmission, Coal India, Adani Enterprises and UPL.
