Sensex adds 801.91 points for the week, ends marginally up

The BSE sensex on Friday gained 17.19 points extending gains for the third consecutive day and closed at 28,463.31, as investors remained on the sidelines on lack of triggers from both the domestic and global fronts.

The BSE sensex on Friday gained 17.19 points extending gains for the third consecutive day and closed at 28,463.31, as investors remained on the sidelines on lack of triggers from both the domestic and global fronts.

After-two-days-of-the-rally-Sensex-slumped-442-points-in-late-morning-deals-following-weakness-in-global-stocks-amid-profit-booking-by-wary-operators-ahead-of-the-IIP-and-CPI-data-to-be-released-later-in-the-day

On a weekly basis, the Sensex and the wider Nifty added 801.91 points (2.89%) and 249.30 (2.98%) points respectively. "Markets swung between positive and negative terrain as it seems to await to take cues from the monsoon showers and corporate earnings ahead," said Vinod Nair, Head Fundamental Research at Geojit BNP Paribas Financial Services.

Sentiment remained cautious after IMD said monsoon was 6 % below normal. Also, IMF chief said the Greek plan is 'categorically' not viable and the country is in need of a debt reduction, as quoted by sources, too hit trading. Starting off higher, the gauge continued its upward march to hit the day's high of 28,576.32 on the back of sustained foreign inflows after the government simplified FDI rules and a firming Asian trend.

Later, profit-booking took hold that wiped off the gains completely and took the benchmark back to the negative zone as it touched a low of 28,417.46. But some late-buying saved the day and helped the index close higher by 17.19 points or 0.06 % at 28,463.31. The 50-share Nifty, after climbing to the session's high of 8,642.95, too succumbed to the selling pressure and settled the day at 8,609.85, up 1.80 points.