Showing greater resilience, Indian bourses concluded the terror-struck week on a positive note as key indices bounced back from their three-year lows after the US proposed fresh rescue plans for the financial sector as well as the country's 7.6 per cent GDP growth in the second quarter.
The bounce at mid-week was triggered by growing optimism that many governments, including India, would follow a rate-cut by China and fresh steps by the US to heal the ailing financial markets and stem the economy from longer recession.
After closing at a three-year low of 8,695.53 on Tuesday, the Bombay Stock Exchange 30-share barometer recovered smartly and ended the week at 9,092.72, a net rise of 177.51 points or 1.99 per cent, over last weekend's close.
The broader 50-share Nifty of the National Stock Exchange also gained 61.65 points, or 2.29 per cent, to end the week at 2,755.10 from its previous weekend's close.
The US government unveiled a fresh rescue package of USD 800 billion with a view to augment consumer loans after a multi-billion-dollar bailout package to troubled banking giant Citigroup.
The latest package was in addition to the USD 700-billion rescue plan, which was cleared after several rounds of intense debate in the US Congress.
Analysts said the American government's new steps and China's fresh rate-cut during the week raised anticipation of another set of monetary measures by the Reserve Bank at home.
The markets, however, withstood a violent terror strike on the country's commercial capital Mumbai, forcing the authorities to keep bourses shut for a day on Thursday.
This resulted in postponement of the expiry of the Futures and Options to Friday, 28th November.
The Indian economy notched a reasonable growth rate of 7.6 percent in the second quarter of the current fiscal.
IT sector was the biggest gainer of the week. As a result, the BSE IT index spurted by 101.39 points or 4.13 per cent to conclude the week at 2,558.94 from its last weekend's close.
Small-cap and mid-cap shares, however, registered widespread losses, holding the market breadth into negative.
The capital goods and realty sectors also remained under pressure largely due to the global slowdown.
The broad-based BSE-100 Index also advanced by 72.42 points or 1.60 per cent to end the week at 4,600.45 from its last weekend's close of 4,528.03.
The BSE 200 Index and the Dollex-200 were quoted higher at 1,062.35 and 353.03 at the weekend compared to their last weekend's close of 1,048.86 and 348.62 respectively.
On the NSE, the S&P CNX Defty recovered smartly by 39.30 points or 2.11 per cent to finish the week at 1,905.30 from its previous weekend's close of 1,866.00.
The CNX Nifty Junior, however, was flat at 3,848.85 against 3,841.80 at the previous weekend.
However, the BSE small-cap index dropped by 86.15 points, or 2.54 per cent, to close the week at 3,304.61 and the BSE mid-cap index ended the week lower by 30.90 points, or 1.06
per cent, at 2,885.76.
The BSE Realty index tumbled by 84.41 points, or 5.13 per cent, to 1,561.01 at the weekend from its preceding weekend's close of 1,645.42
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