Market Snapshot Report : Weekly Outlook

It was an interesting week for the Indian market which witnessed both quiet and choppy sessions and traded within a broad range bound area. The markets closed with gains on the last day of the week to finish the week with marginal gains. The benchmark indices closed off the day's high tracking global cues. Stocks ended Friday’s session strong, on the back of a rebound in Asian peers and rise in European markets as Germany and France grew at a fast clip of 2.2% and 0.6% respectively for the quarter to June.

Sensex ended off highs at provisional 18,169.86, gaining 95.96 points or 0.53%. The BSE 30-share index recorded a high of 18,260.39 versus a low of 18,050.42 early in the day. Nifty closed at 5453.65, higher by 37.2 points or 0.69%. The NSE benchmark moved between 5476.50 and 5415.50 intraday. For the week, the Sensex gained 0.17 per cent and the Nifty advanced 0.29 per cent (provisional).

Overall This week's performance was average and the numbers are as follow:

• Sensex up 0.25% and Nifty also up 0.25%.
• BSE Smallcap index up 1.3% over the week.
• CNX Midcap index was up 1.7%,
• BSE Realty index up 6%,
• BSE Bankex index up 3.3%,
• BSE CD index up 4.5%,
• BSE IT index down 2.5%, and ;
• BSE Auto index up 2.6%.

Barring the metal index, all the sectoral indices closed in the green. Realty stocks advanced 2.31 per cent. Unitech rose 2.26 per cent and DLF gained 2.12 per cent.

Banking stocks extended gains and SBI rose 2.35 per cent to top the Sensex for a second session today.