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Journalism of Courage
The BSE Sensex went up by 135 points at 18,289.35 to record the seventh straight weekly rise its best run in nearly two years on sustained FII inflows amid firm advises from overseas markets on renewed hopes of US growth and resolution of euro-zone debt troubles. The BSE 30-share Sensex initially touched a high of 18,423.06,up over 269 points.
FIIs,the main market movers that have been buying Indian equities since the start of this year,have pumped in over Rs 21,000 crore (over $4 billion) thus far.
Consumer durables,power,capital goods,IT and banking stocks attracted good buying,while some of the auto and metal stocks logged in losses. Overall,11 of the 13 sectoral indices closed with gains. Shares of power sector firms rallied for the second consecutive day,as the government direction to Coal India for fuel supply to power utilities continued to boost the sentiment.
Shares of Lanco Infra zoomed 11.58 per cent to close at Rs 22.65,while Adani Power gained 4.23 per cent to close at Rs 85. Tata Power soared 4.68 per cent,while JSW Energy gained 8.28 per cent. Shares of PFC and REC also gained 3.30 per cent and 2.86 per cent,respectively. With PTI
