Indian stock markets closed the week after registering a gain of 262 points amid ups and downs.

The bourses witnessed the growth because of the strong quarterly results, continued buying action and strong worldwide signals.

The 30 share index, BSE Sensex marked its closure at 16,158.28, up 1.64%, while NSE Nifty posted a gain of 84.45 points at 4,796.15 during the same period.

During the week, mid-cap scrips gained 240.06 points to 6254.36, whereas small-cap shares surged 112.22 points to 7,170.94.

Among sectoral indices, PSU surged 4.69%, Realty zoomed 4.35%, Metal increased 4.06%, Bankex gained 3.79%, Auto rose 3.34% and HealthCare profited 3.27%. In contrast, FMCG dropped 1.56% in the 30-share index.

For the week ended October 24, the annual food price inflation has climbed to 13.39% as compared to 12.8% during the last week.

Festival period along with lower rate of interest rubbed its effect on the country's auto business as demand for cars as well as bikes remained healthy during the last month
(Oct 2009) with most of auto biggies registering a strong double digit increase in sales.

The Madras Stock Exchange (MSE) has joined hands with NSE to permit its members to trade openly on the NSE stage. On Nov 06, being the first day, 10 companies have been registered.

The administration declared a big push for PSU withdrawal on Thursday. All PSUs, which are listed and earn profits, will have to drop off about 10% equity stake.

Incomes from the divestment is likely to help lessen the country's fiscal deficit that is projected to hit Rs 4,000 billion by the end the existing financial.