Trading for the week started on a positive note. Market clocked modest gains in the first trading day, Monday, 3 April 2017, when the Sensex had risen 289.72 points to settle at 29,910.22. Stock exchanges were off on Tuesday, 4 April 2017 for Ram Navami.
Market witnessed a decent gains in a volatile trade on Wednesday, 5 April 2017, when the Sensex had risen 64.02 points to settle at 29,974.24, its record closing high.
Due to weak global signs, the indices spotted moderate losses on Thursday, 6 April 2017, when the Sensex fell 46.90 points to settle at 29,927.34, its lowest closing mark since 3 April 2017.
Market settled with modest losses on weekend Friday, 7 April 2017. The NSE Nifty index rose 24.55 points, to settle at 9,198.30. The BSE Sensex, declined 220.73 points to settle at 29,706.61 rising 86.11 points to settle this mark. The BSE Mid-Cap index rose 136.51 points, to settle at 14,233.16, while the Small-Cap index rose 350.17 points, to settle at 14,681.42.
L&T was the top Sensex gainer of the week. The stock of L&T rose 6.90% to Rs 1686.50 after the company announced that it has commissioned gas turbines in open cycle for two large gas-based power projects in Bangladesh.
Reliance Industries rose 6.55% to Rs 1,405.55, following TRAI’s to withdraw Reliance Jio Infocomm’s 3-months complementary benefits of Jio Summer Surprise.
Overseas, geopolitical concerns deepened after the US military struck a Syrian airfield. US President Donald Trump said that he ordered the missile strikes following the toxic chemical attack that took place earlier in the week.
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