Markets posted its straight four week consecutive gains in a row, largely led by FMCG shares and buoyant result from TCS and easing of FDI in select sectors also led an hand in the uprising of the market.
Wholesale Price Index (WPI), edged up marginally on account of rise in food prices of non-food primary articles from 4.7% to 4.86% for the month of June 2013.
On Foreign Direct Investment (FDI), government raised the ceiling in the telecom sector from 74% to 100%.
The benchmark index S&P BSE Sensex rose up by 191.38 points or 0.96% to close at 20,149.85, while CNX Nifty gained up marginally by 20.20 points or 0.34% at 6,029.20 for the week ended.
Sectoral wise, gaining index were, FMCG index spurted by 7.10%, Oil & Gas surged up by 4.11%, IT rose up by 3.98%, Auto gained by 1.09% and Consumer Durables advanced up by 0.87% while losing index were, Bankex crashed down by 6.23%, Realty and Metal indices slipped down by 4.08% and 3.47%, Capital Goods and Power fell by 2.19% and 1.27% while Healthcare and and PSU marginally down by 0.42% and 0.36% for the week ended. In broader market, Mid-cap and Small-cap index declined by 0.91% and 0.53% respectively.
Major index stock gainers for the week were, Hindustan Unilever jumped up by 14.17%, TCS and Bharti Airtel spurted up by 8.46% and 8.23%, ONGC surged up by 6.75%, ITC and Bajaj Auto rose up by 5.49% and 5.32%, Wipro gained up by 4.06%, RIL, Hero MotoCOrp, Gail (India) and tata Power gained between 4%-3%, Cipla gained up by 2.40%, Hindalco Inds and Infosys up by 1.87% and 1.54% while Tata Motors gained up by 0.94%.
Major index stock losers for the week were, ICICI Bank and Tata Steel crashed by 9.69% and 8.28%, BHEL and Sterlite Inds declined by 7.51% and 6.17%, HDFC and Jindal Steel fell by 5.45% and 5.22%, SBI and Mahindra & Mahindra down by 4.19% and 3%, Sun Pharmaceuticals down by 2.53%, HDFC bank, L&T, NTPC and Coal India fell between 2%-1% while Maruti Suzuki marginally down by 0.17% and Dr Reddys Lab almost negative flat by 0.03%.
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