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Weekly: Sensex gains 100 pts as rupee rebounds

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Benchmark indices made ​​a strong recovery during the week tracking a rebound in the rupee and falling oil prices . The recovery was led by strong gains in shares of IT and pharmaceutical companies .On the weekly basis, the 30 -share Sensex rose 100.28 points or 0.54 % , to 18619.72 . The 50 units Nifty ended flat at 5471.80 .The BSE Mid -Cap index S & P fell 1.09 % and the BSE Small -Cap S & P fell 1.07%.


On Monday, after witnessing a volatile trading BSE Sensex was up 38.69 points or 0.21 % to 18558.13 . The CNX Nifty rose 4.75 points or 0.09 % , to 5476.50 .

On Tuesday , in the passage of the food bill in Lok Sabha raised fears that the government could face more subsidy burden . Sensex fell 590.05 points.Buzz by Life Insurance Corporation to buy indigenous helped stage a strong intraday rebound . Sensex up 28 points.

The recovery of the battered rupee , falling oil prices caused by U.S. comments President Barack Obama on Wednesday he has not decided whether to launch an attack on Syria and the weaker- than-expected orders for U.S. durable goods which rose on expectations that the Federal Reserve may delay plans to reduce the monetary stimulus to the U.S. economy , With the help of a rise in Indian stocks Thursday. The S & P BSE Sensex was up 404.89 points or 2.25 % , to 18401.04 .

On Friday , markets soared after the rupee rallied in volatile trading after Prime Minister said the government is considering imposing restrictions on the movement of capital out of the country while trying to calm investor concerns that damaged financial markets lately , especially the rupee , which has fallen sharply against the dollar this month. The S & P BSE Sensex was up 218.68 points.

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