The Sensex and the Nifty gained over 4% this week. The BSE Metal Index rose 7% this week as SAIL gained 10%, Jindal Steel was up 6.5% and Hindalco up 4.6%.

The BSE IT Index shot up 6.5% this week led by HCL Tech, TCS and Infosys, which rallied 10%, 8% and 6.5%, respectively. The BSE Oil & Gas Index zoomed 5.3% as Reliance Industries rose 8.3% and ONGC was up 2%. ICICI Bank surged 7%. Axis Bank gained 6% and HDFC Bank was up 5% in the banking space and respective index advanced 5.3%.

Among the other largecaps, Tata Motors was up 8.8%, Siemens was up 6.7% and M&M was up 5.8% while Bharti Airtel declined 5.7%, Unitech was down 4% and DLF was down 3%. Among the broader indices, the Nifty Junior, CNX Midcap and BSE Small Cap indices were up over 3%.

In the smallcap space, WWIL shot up 30%. Hindustan Motors and Jai Corp gained 28% each. Eastern Silk rose 27%. In the midcap space, Advanta India, Jubilant Organosys and Midday went up 23-26%. Neyveli Lignite rose 13%. Sesa Goa was up 10% and Mercator Lines gained 18%. Airline stocks like Kingfisher Airlines was up 9.4% and SpiceJet was up 12.5%. 

Rahul Mohindar of Viratechindia and Sajiv Dhawan, JV Capital Services discussed various stocks. They were bullish on RIL, Neyveli Lignite, Shree Renuka Sugars, Mercator Lines and Educomp Solutions while were bearish on Wire and Wireless. However, they had mixed views on Kingfisher Airlines and Maytas Infra.

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