Sensex, Nifty Extend Winning Streak for Fourth Week; PSU Banks Lead Gains Amid Profit Booking

Benchmark domestic equity indices, Sensex and Nifty, extended their gains for the fourth consecutive week. Investors welcomed the start of Samvat 2082 with strong buying, but the enthusiasm faded later. As the week progressed, concerns over geopolitical developments spurred profit booking in the market. PSU bank stocks led the rally, buoyed by better than expected results.
 
 
The 30-share index at Bombay Stock Exchange, Sensex gained 2 hundred 60 points, or 0.31 per cent during the week to end at 84 thousand 212. The NSE Nifty 50 added 85 points, or 0.33 percent, to close at 25 thouand 795. In the broader market at the BSE, the midcap index increased half a per cent, while the smallcap index climbed almost 0.9 per cent, over the week. 
 
 
At the forex market, Indian rupee appreciated by 12 paise during the week to end at 87 rupees and 85 paise against the US dollar.