The week gone by consisted of two parts where the first three days of the week saw the correction, and, the last two days saw the recovery. The recovery was helped on Friday with the early morning announcement of Moody-s raising the sovereign rating of the country by one notch.


Finance Minister Arun Jaitley. Pic/PTI 

Stable able
The earlier rating, which was at Baa3 was raised to Baa2 while the outlook which was at positive was changed to stable. This upgrade has taken 14 years to happen and was last done in the final quarter of Atal Behari Vajpayee-s government in 2004.

It figures
The BSESENSEX gained 28.24 points or 0.08 per cent to close at 33,342.80 points. NIFTY lost 38.15 points or 0.37 per cent to close at 10,283.60 points. The broader indices saw the BSE100, BSE200 and BSE500 lose 0.23 per cent, 0.15 per cent and 0.21 per cent respectively. BSEMIDCAP gained 0.66 per cent but BSESMALLCAP lost 0.22 per cent. The top sectoral gainer was BSEREALTY up 2.29 per cent followed by BSEBANKEX 1.10 per cent and BSEAUTO 0.55 per cent. The top loser was BSECAPGOOD down 2.74 per cent followed by BSEMETAL 2.70 per cent and BSEOIL&GAS 1.68 per cent.