Indian equity indices closed the week with smart gains, after remaining volatile through the week. Strong cues from Asian markets, improved liquidity condition in the domestic markets and better than expected corporate earnings boosted sentiments of the benchmark indices. The 30-share Sensex of Bombay Stock Exchange (BSE) added 282.35 points or 1.83% to end the day at 15,670.31 points, the highest in a year. The broader S&P CNX Nifty of National Stock Exchange (NSE) was up 65 points or 1.42% to close the day at 4,636.45 points. In the last one week, Sensex gained 1.89% and NSE?s Nifty added 1.49%.
Amitabh Chakraborty, president equity at Religare capital markets added, ?After expiry of future and option (F&O) July series on Thursday, we are witnessing long rollovers which are positive for the markets?. In the BSE sectoral indices, barring realty, all the sectors closed the day on positive terrain with FMCG, oil & gas and banking being the top performers of the day. Breadth of the market remained strong as out of 2,801 stocks traded on BSE, 1,401 stocks advanced, 1,299 stocks declined while remaining 101 stocks remained unchanged. In Sensex, 23 stocks advanced while seven stocks declined.
