Sensex ends wild week higher

The Sensex ended 94 points higher on Friday at 16,158 on the back of positive global cues and buying in selective frontline stocks, ending a wild week that saw it falling below 15,500 levels and again shooting over 16,000 levels. The Nifty finished 30 points up at 4,796.
For the week, the Sensex rose 1.6 per cent.
“The markets have not yet bottomed and they are likely to be volatile in the short term,” said Upendra Kulkarni, Director & CEO, Fortress Financial Services.
PSU, realty and metal stocks led the advances in the markets today. The PSU index on the BSE rose 3.9 per cent. The government had yesterday announced that all listed central public sector enterprises (CPSEs) would increase the public holding to 10 per cent.

MMTC soared 20 per cent to Rs 36,146 while State Corporation of India jumped 14.8 per cent.

The realty index on the BSE rose 2.8 per cent and the metal index was up 2 per cent.

In the metal pack, NMDC and Jai Corp surged 10 per cent each.

Among the Sensex stocks, JP Associates ended 4.7 per cent higher at Rs 227. Tata Steel and SBI gained more than 3 per cent each.

Tata Power, however, was the biggest loser in the group. The stock ended 3.8 per cent down at Rs 1,271. HUL also slipped 2.1 per cent.
Asian markets advanced on Friday on the back of Wall Street's rally after upbeat economic figures revived confidence about the state of the American economy. But European stocks were little changed amid caution ahead of a key US jobs report.

Every major benchmark in Asia turned higher, with Japan's Nikkei 225 stock average up 0.7 percent to 9,789.35 and Hong Kong's index gaining 1.6 percent to 21829.72. South Korea's benchmark rose 1.3 percent to 1,572.46.

Sensex is a highly sensitive index and it is traders responsibility to learn all market updates timely to perform better in market. In today's opening session Sensex opened on a positive note.