Sensex, Nifty extend gains for fifth week

Indian Stock Market Tips| Commodity Trading Tips| Share Market Tips| Mcx Tips| Nifty Future Trading TipsIndian stocks snapped a two-day losing run on Friday with the Nifty gaining 0.5% after a late surge aided by short-covering in auto and bank shares.

The rebound helped stock indices extend gains to the fifth straight week and Nifty close above the psychologically crucial 10,000-mark though market participants expect investors to be on the edge amid worries that the market has risen too fast, too soon in recent weeks.

The Sensex gained 87.53 points, or 0.27%, to close at 32,325.41. The Nifty rose 52.75 points, or 0.53%, to close at 10,066.40. This week, the Sensex gained 0.05% and the Nifty has risen 0.5%. But for the last minute advance on Friday, the market would have ended on a weak note this week.

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