Mumbai: Extending a three-week rally, the BSE Sensex rose by 604.75 points to 19,420.39 during the week under review on the back of heavy buying by foreign funds coupled with firm global stocks.The Nifty of National Stock Exchange (NSE) too advanced by 171.80 points to 5826.05.
In five sessions this week, the market slipped on the last day of the week.
The BSE Mid-Cap and small cap index gained 3.89 and 4.46 per cent respectively. Both these indices outperformed the Sensex.
On the first day of the week, the 30-scrip BSE Sensex moved up by 127.50 points to 18,943.14 and the Nifty too went up by 33 points as inflation worries eased along with a fall in crude oil prices.
The very next day, BSE benchmark index Sensex regained the 19K level at 19,120.80, up by 177.66 points, a two-and-half-month high, on sustained demand from local operators amid mixed trend in Asian markets. The Nifty rose by 49.10 at 5687.25 points.
On Wendesday, the market gained further by 169.38 points to 19290.18 as the world stock rose. Even, the Nifty too jumped by 51.30 points to 5787.65. On Thursday, the Sensex hit a ten-week high of 19,445.22 points, up by 155.04 points following revival of foreign fund inflows. The Nifty edged up by 46.10 points to 5,833.75.
However, on the last day of the week, the market got a brake, snapping a winning streak of the last eight sessions, the Sensex lost marginally by 24.83 poitns to 19,420.39 and the Nifty too eased by 7.70 points owing to proift booking at higher levels from local operators.
Foreign Instutuional Invstors (FIIs) inflow totaled Rs 8548.14 crore in eight trading sessions from March 21 to 31, 2011 as per data from the stock exchanges.