After making its entry optimistically at 16,352.32, India’s benchmark index, Sensex, dropped off into the negative zone, in the morning trades. Afterward the index was dangling from the optimistic to the unenthusiastic zone and vice-versa in the intraday dealings. The 30 share index further acquired potency and came to a record high of 16,616.84 because of continued buying interest in heavyweights and lastly ended the day on a cheery note.

Since Mar. 23, 2007, Sensex registered its largest increase this week, while Nifty closed the week with a whooping gain of 960 points. The stocks from auto, telecom, cement, banking and real estate made headway, where IT and pharmaceutical stocks remained the nonachievers.

Asian markets turned down from its eight-week high on Sep. 21, directed by Toyota Motor, after U.S. Federal Reserve chairman Ben S. Bernanke brought out that, the housing crisis may get more defective in the world’s largest financial system.

For the week ended September 8, India’s wholesale price index based Inflation rate plunged 3.32%, as compared to 3.52%, in the last week. The inflation figures mulled over the market approximations that also stood at 3.32%.

The BSE Sensex climbed 1.32% to close at 16,564.23 whereas the NSE Nifty advanced 90 points to 4,837.55.

Among the sectoral indices, BSE Auto arose 1.10%, BSE Metal climbed 0.70%, BSE Realty surged 1.54%, BSE Bankex ascended 0.59% and BSE IT rose 0.86%. The BSE Midcap came up 0.94%, while BSE Small cap advanced 0.22%. There were 1,166 advancements as compared to 1,629 declinations.

The key gainers’ of the day were Reliance Industries (3.75%), Bharti Airtel (3.08%) and SBI (2.78%). The other gainers were Reliance Comm, Reliance Energy, Grasim, HUL, Maruti and ONGC. Losers’ list included ITC (1.60%), Hindalco (1.36%) and Cipla (0.92%). NTPC, Satyam, Ranbaxy and ACC also slipped.

Ambuja Cement chaired the volume chart with 70,532,380 shares being traded, which is being followed by Reliance Petroleum with 28,936,073 shares and Ispat Industries with 14,707,297 shares. NTPC, IDBI, MRPL and SAIL were some of the other chart busters.