Sensex reclaims 32,000 level post IMF's positive outlook on Indian economy

The BSE started off with a bullish run post the holiday week to climb past the 32000 level as both indices made fresh highs on positive trade data and encouraging comments from the IMF chief on the outlook for Indian economy cheered investors. Sentiment was also cheerful ahead of Diwali festival.

However, after gaining a bullish momentum, the indices started consolidating on Tuesday, the Nifty ended almost flat while the Sensex ended in red and on Wednesday the Nifty observed some heavy distribution as it gained one distribution day, while the Sensex posted a loss of almost 25 points.

The Sensex and the Nifty both attained new record high levels during the week. Key indices declined marginally in two out of three trading sessions.

In the week ended on Wednesday, the Sensex rose 151.66 points or 0.47% to settle at 32,584.35. The Nifty 50 index rose 43.40 points or 0.43% to close at 10,210.85. Broader indices also extended their gains this week, as the Nifty Midcap and the Smallcap indices advanced 0.94% and 0.81%, respectively.

Buying was led by oil&gas, realty, metal, power, FMCG, auto,healthcare,teck and capital goods sectors, well supported by second line shares of mid-cap and small-cap companies.