Fag-end buying and short- covering from operators in view of reducing fears of a political uncertainty after winning of the Assembly elections by Congress party and its coalition in most of the states pushed up the BSE benchmark Sensex marginally by 12 points.
Results of the 2011 assembly poll in Tamil Nadu,Kerala,Puducherry,Assam and West Bengal showed former Tamil Nadu Chief Minister J Jayalalitha and Union Minister for Railways Mamata Banerjee set to gain power in their respective states.
The BSE Sensex edged high 12.47 points or 0.07 per cent to end at 18,531.28,while the Samp;P CNX Nifty fell 6.70 points,or 0.12 per cent,to finish at 5,544.75.
The key benchmark indices tumbled on Thursday tracking weak global stocks in anticipation of further monetary tightening by China,the world8217;s second largest economy. The BSE 30-share Index was down by 249.17 points or 1.34 per cent.
Shares of Fast Moving Consumer Goods,Healthchare and Realty were the major gainers of the week on good demand from operators and investors.
India8217;s largest FMCG company by sales Hindustan Unilever jumped 11.56 per cent and was the top gainer from the Sensex pack after company unveiled results.
Meanwhile,food inflation dropped to 7.7 per cent for the week ended April 30,the lowest level in 18 months,due to a fall in the price of pulses and vegetables,especially potatoes.