Zee Media Bureau
Key benchmark indices staged a smart recovery in the week ended Friday as easing in both WPI and retail inflation, better export numbers coupled with RBI's incentives for banks to raise long-term bonds supported investors' sentiment.
The market gained in four out of five trading sessions in the week just gone by.
The S&P BSE Sensex climbed 617.21 points or 2.46 percent to 25,641.60, its highest closing level since 7 July 2014.
The broader NSE index also rose 204.30 points or 2.73 percent for the week, recovering some of its 3.8 percent fall last week. It ended the week at 7,663.90, its highest closing level since 7 July 2014.
The BSE Mid-Cap index moved higher by 1.32 percent, underperforming the Sensex. The BSE Small-Cap index jumped 5.08 percent, outperforming both the Sensex and the Nifty.
Trading is expected to be dominated by corporate earnings in the near term, with investors also expected to pay close attention to global factors after a Malaysian plane was shot down in eastern Ukraine, stoking tensions between Russia and the West.
With agency inputs
