SENSEX ENDS FY18 with 11.30% GAIN
Indian Stock Market says adieu to the Financial Year with 11.30% gain. The flagship Sensex has gained 3,348.18
points during 2017-18. The index had gained 16.88
per cent in the previous fiscal. Investors saw a wealth addition of
Rs 20.70 lakh crore during fiscal 2017-18. The market capitalisation
of all the firms listed on the BSE reached Rs 142.24 lakh crore, from
Rs 121.54 lakh crore as on March 31, 2017. The broader Nifty closed
the fiscal with gains of 939.95 points, or 10.25 per cent. During the
previous fiscal, it scored gains of 1,435.55 points, or 18.55 per
cent.
Loss on Last day of the year
For the day, the BSE Sensex snapped its two-session winning
streak to end lower by 205.71 points, or 0.62 per cent at 32,968.68.
It hovered between 33,104.11 and 32,917.66 during the session. The
gauge had rallied 577.85 points in the past two sessions. The NSE
Nifty too ended the day 70.45 points, or 0.69 per cent lower at
10,113.70 after shuttling between 10,158.35 and 10,096.90. On a
weekly basis, the Sensex rose 372.14 points, or 1.14 per cent, while
the Nifty gained 115.65 points, or 1.16 per cent. This was their
first gain in five weeks.
Besides weak
global cues, squaring-up of bets by investors due to end of March
month expiry in the derivatives segment halted its two-session
winning run, brokers said. On the macro front, official data showed
India's fiscal deficit soared to Rs 7.15 lakh crore at the end of
February, exceeding the revised target for the full fiscal, which
further hit sentiment.
Long weekend Holidays
Stock exchanges will remain closed on
Thursday and Friday on account of 'Mahavir Jayanti' and 'Good
Friday', respectively.
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