Sensex bids adieu to 2016 higher by 260 points


Benchmark indices continued the cheer as investors traded in the final trading session of 2016. Markets rose over 1% in today’s trade to post a yearly gain as they recover from the recent losses tracking various local and global cues.

Nifty gained around 300 points in the last 4 sessions to end the year over 8,200 in 2016 led by gains in Aurobindo Pharma, GAIL, Sun Pharma and ITC . On the other hand, Sensex rose as much as 308 points today to settle the year 544 points higher.

The S&P BSE Sensex ended at 26,626, up 260 points while Nifty50 gained 82 points at closing, to quote at 8,186. Among broader markets, BSE Midcap gained 1.15% while BSE Smallcap was up 0.97%. About 1691 shares have advanced, 570 shares declined, and 145 shares are unchanged.

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A week that ended suddenly in the red


The week ended on a mixed note as the market ended with major losses. The Nifty ended below 7850, plunging 85.50 points or a percent. The Sensex shaved off 300.65 points or a percent at 25489.57. Asian Paints, Tata Motors and NTPC were top gainers while Adani Ports, HUL, Tata Steel, HDFC and BHEL were losers in the Sensex.

Here are some picks from the week gone by:

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