Markets weekly roundup: Sensex registers biggest gain in nearly 3 months, surges 1,351 points -- 28 May 2016

 The 30-share index soared 1,351.70 points, or 5.25 per cent, to 26,653.60 on May 27, 2016 from 25301.90 on May 20  last week. Likewise, the 50-share index jumped 406.95 points to 8156.65 from 7749.70 during the same period.       

The sentiments also got a boost  after Morgan Stanley upgraded India equities to ‘overweight’ from ‘equalweight’.

In the Nifty 50-index, share price of State Bank of India soared the most — 17.30 per cent, followed by Larsen & Toubro (up 17.24 per cent), Tech Mahindra (up 12.33 per cent), Ambuja Cements (up 10.61 per cent) and ICICI Bank (up 10.09 per cent). On the other hand, Cipla, Lupin, Aurobindo Pharma and ONGC plunged 6.74 per cent, 1.57 per cent, 0.86 per cent and 0.23 per cent, respectively, and remained among top losers in the broader index.

All the sectors on the BSE ended the week in green with BSE Capital Goods index, BSE Bankex, BSE FMCG index and BSE Power index surging 11.19 per cent, 6.46 per cent, 5.50 per cent and 4.34 per cent, respectively..

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