At the end of the day, shares of Nifty-based Metal and pharma companies closed the day with a weekly gain. The Sensex ended with a gain of 147 points at 38,389.82. The other major NSE Nifty Index rallied up to 11603 at Intraday and it ended with a 52.20 point gain at 11589.10. For the week, the Sensex fell 25.25 points, or 0.66%, and the Nifty 50 was down 91.40 points, or 0.78%.
Auto stocks gained. Nifty Auto Index went up 2.20% at 11,036.65. Hero MotoCorp trader higher 5.50% Bajaj Auto went up 5.13%, Motherson Sumi up 4.40% and Mahindra & Mahindra edged higher 4.12% as major performers in the Auto stocks
Pharma stocks rallied on account of gains on exports earnings of Pharma companies. The NSE Nifty Pharma Index rose 0.74 percent to 10,661.25 led by gains in Aurbindo Pharma, Lupin, Dr. Reddy’s as top index performers.
All the sectoral components on BSE, barring bankex, finance and power, ended with gains led by telecom, auto, metal and basic materials which rose upto 3.35 percent.
Motherson Sumi shares rose 4.58% to Rs 304.75 after the company announced its recommendations of issuing bonus Shares.