Indian stock market closed higher on all five sessions in the week gone by. Among key benchmark indices, NSE Nifty gained 407 points or 2.31 per cent last week whereas as BSE Sensex went up over 1400 points or 2.40 per cent in this time. In last five sessions, Nifty Bank index shot up 791 points or 1.87 per cent and closed at 43,233 levels breaching the previous swing high of 43,200 levels. According to stock market experts, Nifty has been in uptrend after giving breakout at 17,200 levels and it has once again given breakout on Friday after closing above 18,000 levels. They said that weakness in the US dollar has brought foreign institutional investors (FIIs) back to Indian equity markets while strong quarterly numbers by big companies like ICICI Bank, Axis Bank, Bajaj Auto, Maruti Suzuki, Nestle added more fuel to the Indian stock market rally. They said that Bank Nifty index has breached its previous swing high, which is going to accelerate market rally in upcoming sessions but fres...
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