THE week gone by was extremely choppy and had wild swings through and on intra-day as well. The Sensex gained 261.07 points or 1.03 per cent to end the week at 25,489.57 points. Nifty gained 81.45 points or 1.05 per cent to close at 7,814.90 points. The broader markets saw BSE100, BSE200 and BSE500 gain 1.07 per cent, 1.13 per cent and 1.24 per cent respectively.
BSEMIDCAP gained 1.74 per cent and BSESMALLCAP gained 1.24 per cent. In sectoral gainers, the top performer was BSE-BANKEX up 2.70 per cent followed by BSETECK 1.71 per cent, BSECAPGOODS 1.61 per cent and BSEIT 1.57 per cent. The losers were led by BSEMETAL down 2.21 per cent followed by BSEOIL&GAS 0.72 per cent and BSEPSU 0.41 per cent.
In individual stocks, the top gainer was Axis Bank up 6.35 per cent followed by Power Finance Corporation 5.12 per cent and Bajaj Auto 3.22 per cent. The losers were led by Vedanta down 5.50 per cent followed by BHEL 3.20 per cent and Hind Unilever 2.58 per cent.
The Sensex had wild swings on four of the five trading days with net change in excess of 200 points on two days, 300 points on one day and 450 points on another day. The fifth day was flat and the net result of all these gains and losses was just about one per cent at 261 points. This shows the nervousness of markets and how quickly they react to news of which there was no paucity last week.
The contentious Double Taxation Treaty which has caused