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Weekly review: Market ends FY13 on positive note, Sensex, CNX Nifty up 0.5%

Stocks: Both key indices, S&P BSE Sensex and CNX Nifty, closed the fiscal 2012-13 on a positive note, coming off four-month lows and and posting a rise of over 0.5 per cent during the shortened week under review.
The BSE and NSE, which were closed on March 27 and 29 on account of 'Holi' and 'Good Friday', snapped two weeks of downtrend.
Market commenced the week on a strong footing after debt- ridden Cyprus clinched a bailout deal as the Sensex logged a high of 18,950.22.
But, it soon reversed gears on worries over domestic political developments after Samajwadi Party, a key outside ally of UPA Government, indicated it may withdraw support to the ruling coalition at the Centre.
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