Abruptly breaking two-day straight losses, domestic stock market indices closed the week on Friday on a positive note. The points of S&P BSE Sensex soared 391.00 points, or 1.05 percent to close at 37,556.16. The index of NSE’s Nifty50 surge 116.10 or 1.03 percent and settled at 11,360.8. During the last two months, the rise in equity indicies were boosted by financial and banking stocks and due to the forecast of average rainfall in the latest news the crucial monsoon season, as per the inputs provided by agency Reuters.

As per the report, the major gainers in the Sensex pack were Yes Bank, Vedanta, Kotak Bank, HDFC, Axis Bank, ICICI Bank rising between 2.16 percent to 5.17 percent. While the Nifty gainers were led by the pack of Indiabulls Housing Finance, Vedanta, Yes Bank, Axis Bank and GAIL (rising between 2.73 percent to 6.24 percent).

The top laggards that were closing trade today on the BSE index were HeroMoto Corp, Asian Paints, Tata Motors, Wipro, Induslnd Bankd and HDFC Bank which ended with losses between 0.28 percent and 0.84 percent. ICICI Bank, HDFC Bank and HDFC contributed to the losses in Sensex. Tech Mahindra, Grasim, IndusInd Bank, HeroMoto Corp and Tata Motors were the main losers on NSE index all of which ended with losses between 0.45 percent and 1.41 percent.

As per the Domestic stock markets today, broader Asia was tracked which inched higher after a tech-led rise on Wall Street, although several threats of an Sino-US trade war weighed on sentiment of the investor. As per the report by the India Meteorological Department (IMD) on Friday, the rainfall as a whole during the second half of the Monsoon season was very likely to be at least 95 percent of a long period average.

The NSE and BSE indexes were up 0.4 percent and 0.3 percent, respectively, for the week.

Housing Development Finance Corp, which is an Index heavyweight rose 2.2 percent after its retail prime was raised by a lending rate of 20 basis points. In the previous three sessions, it had shed 4.8 percent. Oil and Natural Gas Corp rose by about 2.8 per cent after the country’s top oil and gas explorer reported a 58 per cent surge in June-quarter profit after market hours on Thursday.

Indiabulls Housing Finance climbed to 6.7 percent to a near 15-week top after it posted a 30 per cent rise in June-quarter profit on Thursday. Among the losers were, Jet Airways (India) Ltd fell 9 per cent on reports of a cash crunch.

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