Weekly Review: Sensex, Nifty gain over 1 per cent on value buying, global cues -- 21 Nov 2015
After three consecutive weeks of downfall and a loss of nearly 7 per cent in this period, the domestic benchmark indices witnessed some buying at lower levels that helped BSE Sensex and NSE Nifty clock a gain of over 1 per cent during the week ended November 20. According to market experts, value buying at lower levels and upbeat global cues supported the market sentiment this week.
The BSE Sensex and NSE Nifty advanced 257.96 points and 94.30 points to 25,868.49 and 7,856.55, respectively, for the week ended November 20.
In the 50-share index, GAIL (India) surged 23.55 per cent in the week under review. The share price of the company jumped from Rs 282 on November 13 to Rs 348.40 on November 20. Vedanta (up 6.65 per cent), Ambuja Cements (up 5.06 per cent), Zee Entertainment (up 4.94 per cent) and Mahindra & Mahindra (up 4.88 per cent) remained among other major gainers in the index.