Know how the Market fared today

The Nifty and the Sensex may have ended Friday on a tepid note but added a whopping 3 percent this week as a major policy change by the government on recognizing FII ownership into local stocks, a settlement in Greece and Iran boosted stock prices.

The Nifty ended with gains of 3 percent this week, closing at a fresh 3-month high of 8,609 points. It overcame major resistances on its way up to the highest levels since April 20. BHEL, Tech Mahindra, Mahindra & Mahindra were the top gainers on the Index, whose Advance-Decline Ratio was 33:17.

Meanwhile, on the Bombay Stock Exchange, the Sensex surged 2.9 percent this week to end at 28,478 even as it closed flat on Friday. Infosys, TCS and Lupin posted smart gains on the Index, where 19 stocks posted gains compared with 11 that lost ground in today's trade.

While the two major indices just about edged up on Friday, gains were seen elsewhere within the sectoral space. Indices in the pharma, FMCG, Small Cap, Auto and IT sectors exhibited strong uptrend.

Such sectors saw several stocks hitting fresh highs: Dr.Reddy's, Aurobindo Pharma, Motherson Sumi, Maruti, Britannia and Siemens were some companies that posted fresh highs on the markets on Friday.

Traders were also active on the long side on stocks such as MindTree, Punj Lloyd and 3M India on individual developments.

(Image credit: Indiatimes)