January 13 week ended the S&P BSE Sensex adding 479 points to settle at 27238, while Nifty 50 gained 164 points to close the week at 8400. The BSE Midcap rose 2.6%, while the BSE Smallcap index surged 2%. The nifty future gained 152.85 points or 1.85% Week of Week to settle at 8,420.5, which was the third consecutive week of gains for the #Nifty.
Among gainers, Hindalco (+7.1%), Tata Steel (+6.4% ) and Indusind Bank (+6.3%), YES Bank (+5.7%), HCL Tech (+4.4%) and NTPC (+4.4%). On the macro front, CPI-based inflation fell to 3.4% in December compared to 3.6% that was in the November, while industrial production contradicted all hopes of huge adverse impact of demonetization by rising 13-month high of 5.7% in November against a contraction of 1.8% in October.