Sensex surges by 6% in Diwali Week...Up all 3 days

After taking a breather of sorts in the previous week, the Indian markets bounced back with a vengeance as the NSE Nifty and the BSE Sensex surged higher by over 6% each during the week. The NSE Nifty ended above the 5350 mark while the BSE Sensex closed above the 17800 mark. The BSE Metals, Realty, Auto and IT stocks were among the major gainers.

The RBI raised its key lending rate by another quarter percentage point as it continues its fight against stubborn inflation while equally being concerned about slowdown in the Indian economy. The central bank hiked the repurchase rate, or repo rate by 25 bps to 8.50%. The reverse repo rate now stands at 7.50%.

The RBI decided to deregulate the savings bank deposit interest rate with immediate effect. The BSE Banking index rose 2.5% during the week.

Finally, BSE Sensex ended at 17,805 and NSE Nifty ended at 5,360 up 6.1% each for the week.



Sensex top gainers: The top gainers in the Sensex were Hindalco (up 16.9%), Reliance Infra (up 16.4%), Tata Motors (up 16.1%), Tata Steel (up 11.7%) and Grasim (up 11.7%).

Sensex Top losers: The top losers in the Sensex were SBI (down 2%) and HDFC Bank (down 0.9%).

The BSE IT Index (up 5.5%):The top gainers in the IT sector were HCL Tech (up 9.3%), TCS (up 6.8%), Mphasis (up 5.8%), Wipro (up 5.6%) and Infosys (up 5%).

Oracle Financial fell 4% during the week.

The BSE Healthcare Index (up 4.1%):The top gainers in the Pharma space were Dr Reddy's Labs (up 9.2%), Aurobindo Pharma (up 5.4%), Suven Life Science (up 5.3%), Strides Arcolab (up 5.1%) and Divi Labs (up 4.8%).

The top losers were Dishman Pharma (down 5.7%), Morepen Labs (down 2.6%), Pfizer (down 0.7%), Torrent Pharma (down 0.5%) and Natco Pharma (down 0.3%).

The BSE Banking Index (up 2.5%):The top gainers in the banking space were Yes Bank (up 13.6%), Kotak Mahindra Bank (up 9.6%), Federal Bank (up 7.4%), ICICI Bank (up 7.2%) and Karnataka Bank (up 5.8%).

The top losers were Union Bank Of India (down 7.3%), Allahabad Bank (down 3.5%), Punjab National Bank (down 2%), State Bank Of India (down 2%) and HDFC Bank (down 0.9%).

The BSE Auto Index (up 8.2%):The top gainers in the auto space were Tata Motors (up 16.1%), Ashok Leyland (up 10%), M&M (up 8.5%), Bajaj Auto (up 7%) and Hero Motocorp (up 5.1%)

The BSE Oil & Gas Index (up 6.1%):The top gainers in the oil & gas space were Hindustan Oil (up 11.4%), Great Offshore (up 11.1%), Essar Oil (up 8.5%), Reliance Industries (up 7.7%) and ONGC (up 7.3%).

The top losers were Hindustan Petro (down 1.4%), Bharat Petrol (down 1.1%), Chennai Petroleum (down 0.4%).

The BSE Capital Goods Index (up 4.5%):The top gainers in the Capital Goods space were Praj Industries (up 9.6%), BEML (up 9.1%), Thermax (up 8.6%), Astra Microwave (up 7%) and Aban Offshore (up 6.2%).

The top losers were Jyoti Structures (down 1.2%), Esab India (down 0.1%).

The Cement Sector: The top gainers in the cement sector were India Cements (up 12.1%), Grasim Inds (up 11.7%), ACC (up 9.5%), Madras Cements (up 6.6%) and Prism Cement (up 5.1%).

The Telecom Sector: The top gainers in the telecom space were Rcom (up 7.5%), Gemini Comm (up 7.4%), TTML (up 5.6%), MTNL (up 3.9%) and Bharti Airtel (up 3.7%).

The Realty Sector (up 8.5%):The top gainers in the real estate space were Sobha Developers (up 11.8%), DLF (up 10.6%), HDIL (up 9.1%), Unitech (up 8.8%) and Anant Raj Indus (up 8%).

The top losers were Mahindra Lifespace (down 0.4%).

The Metals sector (up 9.4%):The top gainers in the metals sector were JSW Steel (up 14.7%), Tata Steel (up 11.7%), SAIL (up 10%), Jindal Steel (up 9.2%) and Bhushan Steel (up 6.4%)

The top losers were Monnet Ispat (down 3.2%), Tata Metaliks (down 2.2%), Bhuwalka Steel (down 0.2%).