Since the cut in corporation tax, the S&P BSE Sensex and Nifty 50 have gained 12 per cent and 11 per cent
The BSE benchmark Sensex zoomed 792.96 points or 2.16 per cent to close at 37,494.12
The Sensex rose 200.15 points or 0.51%, while Nifty gained 64.75 points or 0.55% during the week
Both indices logged their third straight weekly fall. The rupee ended at 69.57, compared to the previous day's close of 69.44
BSE benchmark index gained 370 points to 39,276 while the NSE index climbed 97 points to 11,787
The first half of calendar year 2019 (H1CY19), it believes, will be a difficult phase for the markets due to continued election uncertainty, potentially rising oil prices and earnings downgrades.
Last week witnessed high volatility with indices opening in 'gaps' - a sharp movement over the previous close.
Investor sentiment took a major hit following rout in US stock futures and Asian shares after Canadian authorities arrested the chief financial officer (CFO) of Chinese tech giant Huawei.
Broader market, too, participated in the rally with the S&P BSE MidCap and Small-Cap indices gaining 2.80 per cent and 2.06 per cent, respectively.
Benchmarks clawed back lost ground on Thursday, as a weak rupee buoyed the appeal of technology shares amid a mixed trend overseas
Analysts attribute this pessimism in equities to weak domestic cues, including delay in earnings recovery
The NSE Nifty rose 98.1 points, or 0.97%, to end at 10,211.8, while the Sensex added 287 points, or 0.9%, to close at 33,255.36
On a weekly basis, the Sensex rose 372.14 points, or 1.14%
The Sensex and the Nifty have come off by over 9% from their all-time highs reached end-January
This is its highest closing since November 29 when it had closed at 33,602.76
The 30-share Sensex stayed in the green throughout and is the highest since November 30
Major gainers were HUL 1.37%, HDFC with 1.25% and Tata Motors with 1.06%
Fund managers would find it tough to beat the market going ahead, says Sunil Subramaniam
Risk appetite took a back seat, reflecting mixed Asian shares on lingering concerns about American tax reforms, traders said
The GST Council's decision last week to make things easy for exporters and small and medium businesses came as a positive move