The S&P BSE Sensex closed above the psychological barrier of 21000-mark on Friday. It closed at 21120.12 with a gain of 133.13 points. On the National Stock Exchange (NSE), the 50-share Nifty closed at 6276.95, up by 38.15 points. From the interim budget day on February 17 till date, the Sensex gained 656.06 points.
“Predominantly positive opinion polls, which indicate the possibility of emergence of a strong and stable government post elections is keeping the market mood buoyant,” said Sudip Bandyopadhyay, Managing Director and CEO, Destimoney Securities. “Global cues have also been generally positive and supportive. Domestic corporate news flow and macro indicators have also been by and large positive,” Mr. Bandyopadhyay added.
Global markets finished mixed for the week. While U.S. indices ended in the green, European and Asian indices closed in the flat to negative.
Back home, “among the sectors, capital goods stood out with a gain of 5 per cent plus,” said Sanjeev Zarbade, Vice President- Private Client Group Research, Kotak Securities.
The Finance Minister lowered some excise duty on automobiles and capital goods which gave a boost to consumption, said Mr. Arun Kejriwal, a leading stock market analyst.