Sensex at above 15,000

Consumer durables and capital goods emerged as the major gainers: they rose nearly 9.9 per cent and 8.4 per cent respectively during the week. With a stable government assuming office,expectations regarding infrastructure development are providing a thrust to companies in the capital goods segment, adds Narayan.

Banking and oil and gas were the only two sectors that slipped into the negative: they declined 0.7 per cent and 0.9 per cent respectively last week. The banking sector was in good shape for quite sometime. Last weeks decline could be a normal correction. The oil and gas index heavyweight,Reliance Industries,fell around 3 per cent during the week. This might have taken a toll on the sector, says Narayan.

Inflation inched down to 0.48 per cent for the week ended May 23,2009,from 0.61 per cent the previous week. Crude oil,which is currently trading at 68.6 per barrel,rose 5.6 per cent during the week.