Stock market review: Sensex registers biggest weekly gain in 2016, surges over 700 points -- 20 Feb 2016

Low level buying and rise in crude oil prices helped benchmark indices BSE Sensex and NSE Nifty to register their biggest weekly gain in 2016 as they surged over 3 per cent for the week ended Feb 19. The 30-share index Sensex rallied 723 points to 23,709.15 on Feb 19 from 22,986.12 on Feb 12. Similarly, the 50-share index Nifty advanced 230 points to 7,210.75 on Feb 19 from 6,980.95 on Feb 12.                               

Out of 50 components in the Nifty 50 pack, 43 ended the week in green with Bank of Baroda shares surging the most — 22.87 per cent to Rs 139.70 on Feb 19 from 113.70 on Feb 12, followed by Adani Ports and SEZ (up 18.17 per cent), Vedanta (up 17.55 per cent), Tata Steel (up 16.44 per cent), Hindalco Industries (up 13.14 per cent).

On the other hand, Bharat Heavy Electricals (BHEL), YES Bank and Housing Development Finance Corporation shares skid 2.63 per cent, 2.33 per cent and 2.22 per cent, respectively, during the week under review.

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