The Indian benchmark indices have closed the week on a good note. Both S&P BSE Sensex and NSE Nifty 50 ended the day nearly 1% higher. The Sensex index closed the week 27 points higher than what it opened the week at while Nifty managed to add 5 points to its tally over this week.
The NSE Nifty 50 closed Friday at 10,383 points. It zoomed 94.1 points or 0.91%. Among the 50 stocks comprising the index, 21 of them lost while 28 of them ended in the green and one stock remained unchanged. The gains in the index were led by the shares of Infosys, BPC and TCS as they gained 6.64%, 6.50% and 4.92% respectively.
The shares of Infratel, ITC and Bajaj Finance emerged as the top losers as they dropped 2.82%, 3.07% and 3.09% respectively. The share price of Britannia did not see any change while that of Cipla advanced a meagre 0.02%. All sectoral indices ended in the favourable terrain with NSE Nifty IT gaining the most (4.05%).
Also Read: Markets Wrap: BSE Sensex and NSE Nifty Fall 1.58% Each
The S&P BSE Sensex ended the day on a positive note by gaining 0.94% or 329.17 points. It closed Friday at 35,171.27 points. The upward movement in the share price of Reliance Industries, HDFC Bank and IT stocks led the gains in the index. IT stocks rallied when Accenture announced their quarterly numbers, which were better than what they had anticipated.
14 of the 30 stocks that form the Sensex index slipped while the remaining 16 jumped. The shares of Infosys, TCS and IndusInd Bank gained 6.94%, 5.21% and 3.64% respectively. The shares of Kotak Bank, Bajaj Finance and ITC lost the most. They dropped 3%, 3.33% and 3.54% respectively.
The broader indices failed to match the performance of the benchmark. The S&P BSE SmallCap index and S&P BSE MidCap index advanced 0.19% and 0.27% respectively to close at 12,630 points and 13,258.44 levels respectively.
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Engineer by qualification, financial writer by choice. I am always open to learning new things.
