SAMVAT 2075 ENDED IN GAINS

The 30-share BSE Sensex and The Broader NSE Nifty Hindu calendar year Samvat 2075 with smart gains. The Sensex rallied 4,066.15 points or 11.62 per cent, while the Nifty soared 1,053.90 points or 10 per cent in Samvat 2075. On the last day of the Samvat 2075 ie. Friday domestic equity benchmarks eked out modest gains after a see-saw session as investors stuck to select banking and IT stocks following encouraging results. Sensex swung over 523 points before settling 37.67 points (0.10%) higher at 39,058.06. The broader NSE Nifty closed at 11,583.90 up by just 1.30 points. During the holiday-shortened week, the Sensex lost 240.32 points or 0.61 per cent, and the Nifty slipped 77.95 points or 0.66 per cent. "For the start of Samvat 2076, the stock market scene is more uncertain than it was in the last few years. I expect the market to be a lot more volatile in Samvat 2076 and that will filter out weaker and fragile businesses from the market," said Romesh Tiwari, Head of Research, CapitalAim.