Market review for week: Narendra Modi reform hopes drive BSE Sensex, NSE Nifty up over 2%

May 24 2014, 16:43 IST
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NTPC, Tata Power soared on reports that the Narendra Modi-led NDA government is likely to harness solar power sector. (Reuters) NTPC, Tata Power soared on reports that the Narendra Modi-led NDA government is likely to harness solar power sector. (Reuters)
SummaryBSE Sensex, NSE Nifty moved up by over 2% during week, logging all-time closing peaks.

(BHEL) (18.80 pct), Tata Power (16.70 pct), Maruti Suzuki (10.70 pct), Tata Steel (8.42 pct), Hindalco Ind (7.73 pct), Axis bank ((6.15 pct), Larsen (6.01 pct), ONGC (5.86 pct) and HDFC (5.37 pct) and RIL 4.38 pct while ITC dropped by 6.91 pct, Sun Pharma 4.65 pct, Tata Motor 4.09 pct and Dr Reddy's Laboratories 4.22 pct.

Among the S&P sectoral indices, Realty rose by 23.13 pct followed by Power 17.29 pct, PSU 13.65 pct, Metal 13.11 pct, Consumer Durbale 10.12 pct, Capital Goods 9.59 pct, Oil&Gas 4.90 ct, Bankex 3.11 pct and Auto 2.46 pct while HC dropped by 2.42 pct, FMCG also 2.42 pct and IT by 2.34 pct.

The total turnover at BSE and NSE rose to Rs 26,841.37 crores and Rs 1,29,868.91 crores respectively from 21,792.18 and Rs 1,13,792.38 crs.

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