A global relief rally in equities on the outcome of first round of French election and the surge in institutional flows that followed, besides a slew of healthy corporate earnings swayed market sentiment, as the domestic stock indices climbed up to 2 per cent this past week.
The gains were largely in line with the 1 to 3 per cent surge seen in major emerging and developed market peers during the week.
Global uncertainly eased after Emmanuel Macron, a pro–European Union candidate won the first round of French presidential elections, paring safe haven gold, which tumbled 1.57 per cent for the week to Rs 28,815 per 10 gm despite Akshaya Tritiya.
Foreign flows into domestic equities stood at Rs 1,153.44 crore, while domestic investors pumped Rs 6,043 crore in stocks, pushing the indices to record high levels.
The BSE Sensex climbed 1.88 per cent for the week to 29,918 on Friday. The index hit an all-time high of 30,184 during the week. The Nity50 rose 2.02 per cent for the week to 9,304. The BSE Midcap index advanced 2.14 per cent, while the BSE Smallcap indices rose only 1.36 per cent for the week.
Mukta ArtsBSE 4.29 %, PVR relish Baahubali 2 euphoria:
Shares of Mukta Arts soared 15.14 per cent, while those of multiplex PVR by 3.79 per cent amid euphoria over the release of Baahubali 2: The Conclusion. Media reports said the movie might have made over Rs 55 crore on the opening day on Friday, the highest-ever for a Hindi film.