The Indian benchmark indices closed the week on a losing note as both S&P BSE Sensex and NSE Nifty 50 dropped over 0.1% each. The losses in the indices are attributed to the underperformance of the major players across sectors. The markets witnessed considerable volatility over Friday.
The S&P BSE Sensex closed the week at 44,149.72 points. It lost 0.25% or 110.02 points over the day. Only twelve of the thirty Sensex stocks closed the day in the green, while the rest folded in the negative terrain. Asian Paints emerged as the most significant gainer in the index. Its share price added 2.85 points to its tally.
Titan and Tech Mahindra followed with 2.32% and 2.20% respectively. Tata Steel saw its share price surge by 1.57% over the day, while the share price of Bajaj Finance and Bajaj Auto expanded by 1.56% and 1.36% respectively. They were followed by banking stocks of HDFC Bank, IndusInd Bank, HDFC and Kotak Bank. Their share price rose by 1%, 0.85%, 0.85%, and 0.63%, respectively.
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Maruti and NTPC are the remaining two stocks that witnessed their share price shooting up. Their share price ended the day, 0.48% and 0.11% higher, respectively. PowerGrid and HCL Tech emerged as the top losers in the index as their share price was reduced by 2.63% and 2.39% respectively. The Indian Majors TCS, Reliance, Infosys and SBI saw their share price losing 1.53%, 1.23%, 1.18%, and 0.47%, respectively.
The NSE Nifty 50 closed the week at 12,968.95 levels. It fell 18.05 points or 0.14% over Friday. Tata Motors gained the most among all Nifty stocks; its share price moved ahead by 2.82%. On the other hand, Nestle India turned out to be the most significant loser with its share price dropping by 4.34%.
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Engineer by qualification, financial writer by choice. I am always open to learning new things.
