Nifty, Sensex clock 17% gains in 2017

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The benchmark indices NSE Nifty ad BSE Sensex hit all-time high’s during Friday’s trading sessions, despite consolidation in the morning hours, mainly attributed to the cross-border tension.

The Sensex had rallied nearly 17%, whereas the Nifty50 index has soared over 17% so far in 2017.

On a weekly basis, the Sensex has gained 1.4% and the Nifty has clocked gains of 1.6% till the week ended on Friday, May 26, 2017.

Some leading analyst estimates that the Sensex will move toward 1,00,000, while the Nifty will head towards 22000 to 38000 in the next 5-7 years.

On the Sectoral front, the Nifty FMCG has gained 1.10%, mainly due to the announcement of the GST rates by the GST council earlier in the week. Whereas the broader market indices, Nifty Midcap was down 0.1%, BSE Midcap has gained 0.2% and the BSE Small-cap has gained 0.2% till Friday, on a weekly basis.

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