Sensex, Nifty rally nearly 3% this week

Indian equity benchmarks closed the week on a strong note, supported by foreign money inflow. They have net bought of more than Rs 3,500 crore worth of shares in last four days.

The 30-share BSE Sensex gained 522 points or 2.86%, to close at 18,762.8 and the 50-shares NSE Nifty went up 155.75 points or 2.85%, to settle at 5,627.

The BSE Realty Index and Capital Goods indices were up 4% each. Bank Nifty jumped 3.75%. However, Metal Index was down 4% and Auto down 2.5%.

Among largecaps, IDFC, Hindalco, Reliance Capital, Power Grid Corp, Sterlite and SBI surged 6-9%.

However, Ambuja Cement fell 2.5% and ACC lost 2%.
 
The CNX Midcap Index went up 3% this week. Midcaps like Jubilant Lifesciences shot up 20%.

Bata India, Pantaloons Retail, Blue Dart, Jain Irrigation and Bajaj Hindustan gained 10-15%.

However, GTL tumbled another 12%. Sterling Biotech went down 8.5% on reports that CBI conducted raid on company's office premises.

Bhushan Steel was down 4.5% and Nava Bharat Ventures down 3%.