The past week saw a reversal in trend in the market that has been in the red for a while now. The Nifty rose 2.9% and the Sensex corrected 522 points upwards, closing at 18,762 at the end of the week. All sectors closed in the green, except oil and gas which continued its downtrend adding another 0.05% owing to pressures due to policy changes. Contributions from Cairn India and ONGC could not hold up against the drag down of 38% that Reliance Refineries had in the space.
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