The Indian benchmark indices closed the week on a high. Both Sensex and Nifty gained nearly 0.3% on Friday, with the rally in the realty and pharma sectors leading the gains in the indices. This also meant that Sensex snapped its four-day losing streak. The gains in the cues could have been more if not for the losses in the metals.
The S&P BSE Sensex closed Friday at the 52,484.67 level. Over the day, it rose by 166.07 points or 0.32%. Among the 30 stocks that form the Sensex index, 17 closed higher while the remaining 13 ended in the red. ICICI Bank emerged as the top gainer in the index. Its share price increased by 1.53% over Friday.
Reliance, SBI, Titan, HDFC, and Axis Bank followed it, with their share price surging by 1.50%, 0.99%, 0.84%, 0.61% and 0.55%, respectively. The share price of Bajaj Finance, Hindustan Unilever, Infosys, M&M, Tech Mahindra, and Bharti Airtel 0.52%, 0.47%, 0.45%, 0.41%, 0.39%, and 0.38%, respectively.
The other stocks to close the day in the green are Dr Reddy’s, IndusInd Bank, UltraTech Cement, Kotak Bank, and NTPC. Over the week, the Sensex index grew by 435.8 points. Tata Steel and PowerGrid lost the most among the Sensex stocks. Their share price was reduced by 2.36% and 1.23%, respectively.
The NSE Nifty 50 closed the day at 15,722.20 points. It expanded by 0.27% or 42.20 points over the day. On Friday, 28 of the 50 stocks that constitute the Nifty index closed higher, 21 closed in the red, while the remaining one stock ended the day unchanged.
Divi’s Laboratories Limited was the top gainer in the index. Its share price increased by 2.04%. It was followed by Reliance and ICICI Bank, whose share price shot up 1.60% and 1.49%, respectively. Tata Steel and JSW Steel were the most significant losers. Their share price collapsed by 2.20% and 1.24%, respectively.
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Engineer by qualification, financial writer by choice. I am always open to learning new things.
