Markets made a roaring comeback as the bulls decided to party into the weekend. The Sensex and Nifty snapped the 5-week losing streak with a 1500 point gain from the benchmark 30 stock index and the Nifty putting on 450 points in trade. It was big boy Reliance Industries that led the rally with 6% gain in intraday trade.
For the week Sensex, Nifty are up 3% with the metal index leading the charts on gains while tech remained the only underperformer.
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But this week has not been for the weak hearted. Sensex and Nifty posted the biggest single-day gain on Friday just a day after it had posted it's second biggest drop in this year.
The week ahead once again will be dominated by global cues and the movement of the dollar as all eyes remain steadfast on inflation and rates.