Among bank stocks, heavyweights State Bank of India (up nearly 8%), ICICI Bank (19%) and HDFC Bank (3.8%) ended on a strong note. Several other bank stocks, including Yes Bank, Axis Bank, Kotak Bank and Federal Bank, posted handsome gains last week.
Positive economic data out of China triggered some strong buying in the metal space. Jindal Steel & Power, Tata Steel, Coal India and Hindalco Industries recorded strong gains, even as Sesa Goa ended lower by over 6%.
Capital goods heavyweights BHEL (19.2%) and Larsen & Toubro (up nearly 4.5%) closed on a high note. It was a good week for several other sectors from the capital goods space. Housing finance major HDFC gained nearly 6,5%.
Cipla, Sun Pharmaceutical Industries, Lupin, Ranbaxy Laboratories, Aurobindo Pharma and Opto Circuits were some of the prominent gainers in the healthcare space.
Automobile stocks were a bit listless amid a mixed batch of sales data for August 2013. Maruti Suzuki gained 3.7% on strong sales. Tata Motors jumped nearly 6.5%. Hero Motocorp ended lower by about 5%.
According to the data released by the government on 2 September 2013, the combined index of eight core industries, which have a weight of almost 38% in the index of industrial production, rose 3.1% in July 2013 over July 2012.
Indian services activity contracted at its quickest pace in August. The HSBC Services Purchasing Managers' Index (PMI) compiled by Markit, slipped to 47.6 in August, the weakest since April 2009, from 47.9 in July.
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