Weekly Review: Sensex rallies to 8-week high on strong FII's buying

Weekly Review: Sensex rallies to 8-week high on strong FII's buying
Stocks: The BSE benchmark Sensex rallied by another 522 pts for the second consecutive

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week to 8-week high at 18,762.80 on strong buying by operators and investors on the back of aggressive buying by foreign institutional investors (FIIs) and easing of Greece's debt worries.

Fast moving consumer goods, realty, metal, capital goods and banking counters were the major gainers of the week as most of the indices ended higher by 1.59 per cent 4.24 per cent.

Foreign Institutional Investors (FIIs)- key players behind the on-going rally, bought shares nearly worth Rs 5,770 crore during the current week.

Sustained short-coverings by operators following expiry of derivative contracts too aided the rally.

Concerns of a disorderly debt default from Greece eased after the government's austerity program was passed in the parliament.

The BSE benchmark sensex jumped 522.12 points or 2.86 per cent to end at 18,762.80.

The NSE 50-share Nifty also shot up by 155.95 points or 2.85 per cent to 5,627.20.

The BSE Mid-Cap index jumped 229.97 points or 3.45 per cent to 6,901.67. The BSE Small-Cap index surged 302.03 points or 3.81 per cent to 8,224.41.

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