MUMBAI, 6 JULY: Markets extended gains for the second consecutive week on hopes of further economic reforms and above-average monsoon coupled with fresh capital inflows from foreign funds into Indian equities.
Shares of FMCG, healthcare and auto sectors firmed up on good buying enquiries.
Energy stocks, led by heavyweight Reliance Industries, continued their upward march after the government last week agreed to hike natural gas prices, brokers said.
The S&P BSE Sensex resumed slightly lower at 19,352.48 and dropped further to 19,147.31 on profit-booking. But the 30-share index recovered quickly and hit a one-month high of 19,640.27 before ending at 19,495.82, showing a gain of 100.01 points, or 0.52 per cent, over the last week.
The key BSE barometer has gained 721.58 points, or 3.84 per cent, in the last two weeks. The NSE 50-share Nifty also firmed up by 25.70 points, or 0.44 per cent, to conclude at 5,867.90. The NSE benchmark has hardened by 200.25 points, or 3.53 per cent, in the last two weeks. pti