MUMBAI, May 18 Benchmark share indices gained for the fifth straight week, amid high volatility, led by rate sensitive shares after sharp decline in April WPI rekindled hopes of a steeper rate cut by the central bank, according to Business Standard.
In the week ended May 17, the 30-share BSE Sensex firmed up 0.8 per cent to end at 20,286 and the 50-share Nifty gained 1.3 per cent to end at 6,187.
According to market experts that the rally is fueled by global liquidity. Since January, Foreign institutional investors were net buyers in equities worth Rs 680 billion, after pumping in $25 billion in 2012.
Consumer price index-based inflation fell to a 13-month low of 9.39 per cent in April against 10.39 per cent in the previous month, official data showed on last Monday. This return to a single digit is after four months, and this has taken place both in urban and rural areas.
India's trade deficit widened to $17.8 billion in April led by higher gold imports, according to official data released on last Monday. On Monday, global financial markets weakened as a stronger dollar sparked off a sell off in Asian equities, gold and crude oil.
In the week ended May 17, the 30-share BSE Sensex firmed up 0.8 per cent to end at 20,286 and the 50-share Nifty gained 1.3 per cent to end at 6,187.
According to market experts that the rally is fueled by global liquidity. Since January, Foreign institutional investors were net buyers in equities worth Rs 680 billion, after pumping in $25 billion in 2012.
Consumer price index-based inflation fell to a 13-month low of 9.39 per cent in April against 10.39 per cent in the previous month, official data showed on last Monday. This return to a single digit is after four months, and this has taken place both in urban and rural areas.
India's trade deficit widened to $17.8 billion in April led by higher gold imports, according to official data released on last Monday. On Monday, global financial markets weakened as a stronger dollar sparked off a sell off in Asian equities, gold and crude oil.
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