An evening walk down Dalal Street

A good surge in midcaps, defensives as well as index heavyweights such as Reliance Industries ensured that the market managed to end the week on a positive note, with the Nifty closing well above 11,000.

Sectoral indices such as IT, pharma, infra, banks and energy boosted the upmove as well. Metals and auto were the top losers among other sectors.

The day began on a flat note, following tepid global cues, but indices soon gathered strength as buying resumed in the midcaps space. The rupee managed to fall to a new low of 69.12 to the US dollar, which boosted IT stocks as well. Investors also looked to place their bets on another defensive sector—pharmaceuticals.

The Sensex is up 145.14 points or 0.40% at 36496.37, while the Nifty is up 53.10 points or 0.48% at 11010.20. The market breadth is negative as 1,146 shares advanced, against a decline of 1,396 shares, while 154 shares are unchanged.

Among stocks, Infosys, Sun Pharma, Bajaj Finserv and Baja Finance have been the top gainers, while Bajaj Auto, Vedanta, and HPCL lost the most.