The Indian benchmark indices have closed the week on a positive note as both S&P BSE Sensex and NSE Nifty 50 ended Friday over 0.25% higher. The gains in the market are attributed to the rallying of metal and FMCG stocks, who helped Sensex close just short of the 46,100 levels and Nifty over the 13,500 mark.
The S&P BSE Sensex closed the day at 46,099.01. It moved ahead by 0.30% or 139.13 points. Only twelve of the thirty stocks that form the Sensex index closed in the red while the remaining eighteen of them ended the day in the positive terrain. The state-owned ONGC and NTPC led the gains in the index. Their share price surged by 5.68% and 5.30% respectively over the day.
Tata Steel and ITC followed with their share price going up by 1.90% and 1.65% respectively. ICICI Bank, Titian, Bajaj Auto and SBI witnessed their share price expand by 1.63%, 1.30%, 1.11%, and 1.06% respectively. UltraTech Cement, Bajaj Finance, IndusInd Bank, and Hindustan Unilever witnessed their share price adding 1.05%, 1.05%, 0.97%, and 0.95% respectively, to their tally.
Also Read: Closing Bells: Both Sensex and Nifty Closed Monday Over 0.75% Higher
Kotak Bank, Sun Pharma, L&T, HDFC, PowerGrid, and Nestle India are the other stocks that closed the week in the green. Axis Bank turned out to be the most significant loser in the index; its share price fell by 2.19%. Mahindra & Mahindra followed as its share price collapsed by 1.18%.
The NSE Nifty 50 closed the day at 15,513.85 points. It advanced by 35.55 points or 0.26% over Friday. Twenty-four of the fifty stocks that form the Nifty index wrapped up the day higher while the remaining twenty-six of them gained. ONGC turned out to be the highest gainer while AXIS Bank lost the most.
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Engineer by qualification, financial writer by choice. I am always open to learning new things.
