Sensex, Nifty witness over 3% rise during the week

Indian equities soared 575 points during the week on the back of encouraging global cues, IIP numbers which were in line with market expectation, improving monsoon condition and intense buying interest seen among the investors, boosting the sentiment.
The week began with the Sensex breaching 16,000 mark for the first time in 2009 on renewed buying interest and touched a high of 16,035.50 at close. Both Sensex and Nifty crossed their crucial levels and closed at 15 month highs. Nifty crossed the crucial level of 4,750. The benchmarks continued to trade in the green and thus ended the week with no cheers for market amid volatility.
The week started on a negative note and continued to trade weak for the fourth straight session. However the index snapped four days losing streak and ended on a higher note with sustained buying interest.
The 30 share index, Sensex surged 575.18 points, or 3.66%, to end at 16,264.30 for the week ended Sep. 11, 2009 as compared to last week`s loss of 233.22 points to close at 15,689.12. On the other hand, the broad based NSE Nifty advanced by 149.15 points, or 3.18%, to end at 4,829.55 in the same period.
Index for industrial production (IIP) declined in the month of July 2009 to stand at 6.8% as against 7.8% in the previous month, June 2009. The government announced that it revised the industrial production for the month of June from 7.8% to 8.2%.
Inflation stood at -0.12% for the week ended on Aug. 29, 2009 as compared to -0.21% in the previous week ended Aug. 22, 2009. The official WPI for ``All Commodities` rose by 0.2%. 52 week average inflation for the week ended Aug. 29, 2009 was 3.99%. Inflation was at 12.38% during the corresponding week of the previous year.
Major gainers over the week in the sectoral indices were Metal gained 7.71%, Oil & Gas 4.63%, PSU rose 3.19%, BSE Conusmer Durables climbed 2.57%, and IT went up 2.25%.
FMCG dropped 2.98%, Realty fell 1.18% and Auto lost 0.80% were among the major losers in the sectoral indices over the week.
Leaders in 30-share index were Hindalco Industries (18.07%), ICICI Bank (12.32%), Sterlite Industries (India) (11.25%), Tata Steel (9.07%), and State Bank Of India (8.78%) over the week.
On the other hand Hindustan Unilever (6.28%), Maruti Suzuki India (5.12%), Mahindra & Mahindra (5.10%), DLF (3.79%), and Hero Honda Motors (2.84%) were the major laggards in the Sensex over the week.