Indian shares jumped for a second consecutive session on Friday amid expectations the ruling BJP would win state elections in Gujarat beginning this weekend. The BSE Sensex ended 0.91% higher at 33,250.30. The index posted its biggest weekly gain since early November, climbing 1.27% this week. The wider NSE Nifty closed up 0.97% at 10,265.65, rising 1.42% this week, its biggest since late October.
Nifty made good weekly recovery and gained nearly 1.5%, providing some respite to the market players. Nifty Auto Index also traded with positive bias and settled after gaining 1.5%. Nifty Auto Index also traded with positive bias and settled after gaining one and half percent.
Mahindra and Mahindra, Ashok Leyland, Bajaj Auto and Maruti Suzuki are seeing for fresh buying.
Bank stocks rose after RBI kept policy rates steady after monetary policy review on Wednesday, 6 Dec 2017. HDFC Bank rose 1.74%, SBI rose 0.19% and Axis Bank edged higher by 1.66%.
As the Best Weekly performance, FMCG index rose 2.5%), Auto Sector rose 0.6%, Information Technology stocks advanced higher by 0.5%, Energy stocks up 0.3% and Infrastructure sector edged higher by 0.2%.
The Worst Weekly Performers include Pharma index down by 1.5%, Metal index down by 0.9%, Realty down 0.7% and Media edged lower by 0.2%.