New Delhi: The week ended 8 May started on a strong note with the Sensex rising to a seven-month high on Monday. It rose over 700 points- the highest since 3 October. On Tuesday, the market dipped but closed above the 12,000-mark. On Wednesday, the Sensex fell for the second day in a row as investors judged the gains made on Monday as excessive. The markets rose on Thursday led by commodity stocks Hindalco and Sterlite after metal prices surged. But on Friday the markets tumbled by almost 250 points due to selling pressure in metal, technology, power, oil & gas and telecom sectors.
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Most sectors made good gains this week. Metals rose 15.6%, realty surged 10.6%, followed by capital goods which were up 7.5% while banking stocks went up 5.7%. autos, and oil and gas made good gains as well.
Top gainers for the week were Hindalco, Tata Steel, Larson and Tubro, Relaince Infrastructure and Tata Motors. Top losers for the week were from across sectors. ACC, Ambuja cements, Cipla, HUL and BHEL.