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Market gains 4% in truncated week as 60 smallcaps jump 10-25%

Broader indices -- BSE mid-cap and small-cap -- add 2% each while large-cap index rises 4%.

March 19, 2022 / 12:07 PM IST

Indian market extended the rally in the second (truncated) week ended March 17 adding almost four percent as foreign institutional investors (FIIs) turned net buyers after 10 weeks, tensions between Russian and Ukraine de-escalated and crude oil prices fell.

For the week, BSE Sensex rose 2,313.63 points (4.16 percent) to end at 57,863.93 while the Nifty50 added 656.6 points (3.94 percent) to end at 17,287.05.

All sectoral indices ended in the green with Nifty Auto and Bank indices up over 5 percent each and Realty index rising 4.7 percent.

Broader indices -- BSE mid-cap and small-cap -- added two percent each, while large-cap index rose four percent.