Sensex closes 0.93 pc up for the week

Mumbai, Aug 26, (UNI) The Bombay Stock Exchange (BSE) sensex stood true to last weeks' prediction of volatile performance with some gains on the back of previous performance.

As witnessed, the Sensitive Index (Sensex) started the week on a solid note and closed the day in the positive territory, however, it surprised all and sundry with a negative close the very next day, the loss was largely attributed to profit bookings that emerged in the last half hour of trading.

On Thursday Sensex gained 125 points riding on expectations that the domestic fuel prices would not be hiked, and finally on Friday Sensex closed up 40 points on strong buying activity among the select stocks of the Blue chip comapnies. For the week the sensex grew 0.93 per cent and the S&P CNX Nifty grew 0.87 per cent.

On the BSE sectoral Indices, Auto shares rose above one per cent for the week on account of boost to their sales as the festive season is in offing. Metals sector tracking metal prices on the London Metals exchange grew 3.78 per cent for the week. Consumer Durables Sector grew 2.29 per cent for the week as the south west monsoon receded further for the month and the Oil and Gas sector too grew above one per cent as the Union governmnet promised to issue bonds to the state run oil companies to cut cost.

Overall the week was volaitle but profitable from the investors point of view.

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