Sensex Ends At 17,117.69; Nifty Above 5100

Sensex Ends At 17,117.69; Nifty Above 5100The Sensex of the Bombay Stock Exchange (BSE) continued its positive run for the third successive day on Friday to end the week on a positive note.

The Sensex surged 95.36 points to settle the week in green at 17,117.69 on the back of strong buying activity in key stocks by local operators and strong signals from worldwide markets.

The broad-based Nifty also gained 25 points to mark its closure positively at 5,135.50.

During the last three trading sessions, the Sensex gained 545.66 points and Nifty climbed 165.30 points.

Strong recital in European shares, positive US index futures and intraday recovery in Asian bourses, helped a strong intraday rebound on the Indian stock markets.

IT, automobile and real estate scrips made recovery from their initial losses. Banking and FMCG stocks also remained up.

However, selling in metal companies' shares along with ONGC, HDFC Bank, BHEL, Ambuja Cements, Kotak Mahindra Bank, Tata Power and Unitech capped the Nifty to surpass 5150 level today.

After opening the day on a positive note, the stock market fell into the negative zone as Asian stocks declined. The stock market recovered for a brief period in noon. The intraday recovery gained steam in noon, headed by recovery in Asian bourses and strong opening of European stocks.

The overall breadth of the stock market remained mixed as it saw 1534 progressions as compared to 1550 declinations.

The overall turnover of the markets remained at Rs 78,954.64 crore.

Among sectoral indices, FMCG surged 1.69 points, followed by Tech, which remained up by 1.02%, IT by 0.93%, Bankex by 0.81%, Auto by 0.63% and Realty by 0.42%.

In contrast, the metal index declined 0.24% followed by Power, shich shed 0.19% and Oil and Gas, which fell 0.13%.

The major gainers list comprised Maruti Suzuki, SBI, RCom, Infosys, Hindalco, Bharti Airtel, HUL, ICICI Bank, DLF, Reliance Infra and ITC.

The top losers were ONGC, HDFC Bank and Tata Power.