Realty, banks, capital goods, auto push Sensex up this week

Indian equity benchmarks rallied sharply this week and snapped two-week losing streak. The 30-share Sensex closed at 18,815.64, up 936.83 points or 5.24% over its previous week closing value. The 50-share Nifty closed at 5,654.25, up 280.55 points or 5.22% over the previous week closing value.

Realty, banking, capital goods and auto were the star performers, with gaining 9%, 6%, 5% and 4%, respectively. Among frontliners, DLF surged 13%, which was the most beaten down share in previous weeks. Jaiprakash Associates, BHEL, ICICI Bank, IDFC, Axis Bank, Kotak Mahindra Bank and Sesa Goa were up 7-10%. However, Ranbaxy Labs tanked 6%. The CNX Midcap Index was up 3% and BSE Smallcap up 2.5%.