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Sensex posts fourth straight weekly gain

New Delhi, Mar 23 (Agencies)
Published on 23 Mar. 2016 11:31 PM IST
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The Sensex and Nifty closed on a positive note in a listless trading session on Wednesday ahead of a long weekend.
The Sensex advanced 7 points to close at 25,338 and Nifty rose 2 points to settle at 7,716. For the most part of the day, the Indian benchmark indices traded on a weak note on the back of losses in heavyweight stocks such as Reliance Industries, HDFC, HDFC Bank and Lupin.
In the intraday deals, the Sensex touched low of 25,157 and Nifty fell to low of 7,670.
From the Nifty-50 basket of stocks, 24 stocks ended higher while 26 closed lower.
Hindalco, Infosys, Idea Cellular, Tata Steel, Bharti Airtel, Yes Bank and Bajaj Auto were among the gainers. On the other hand, Reliance Industries was the top loser, down 1.8 per cent to close at Rs 1,029. Bank of Baroda, Lupin, Punjab National Bank, HCL Tech and Kotak Mahindra Bank were among the gainers.
Banking, oil & gas, power, realty, FMCG and healthcare indices closed in the red. While, metal, IT, capital goods and auto indices closed higher.
The broader markets slightly outperformed the benchmark indices. The BSE mid-cap and small-cap indices closed 0.24 per cent higher.
The overall market breadth was marginally negative as 1,318 stocks declined while 1,284 advanced on the BSE.

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