Weekly Review: Despite selling, there was a slight increase on the last day of trading
New Delhi. Despite being a victim of huge selling on Thursday in last week’s trading, the domestic stock market managed to close with a slight gain on weekly basis. After trading from Monday to Friday, BSE Sensex closed at 82,814.71 points on a weekly basis with a gain of 187.95 points or 0.22 percent.
Similarly, after the entire week’s trading, NSE’s Nifty ended last week’s trading at the level of 25,571.25 points with a rise of 100.15 points or 0.39 percent. During the trading week ending February 20, the BSE Largecap Index managed to close with a gain of 0.40 percent on a weekly basis.
Shares of Canara Bank, Bank of Baroda, Punjab National Bank, Union Bank of India, Cummins India and Hyundai Motor India included in this index were included in the list of top gainers. On the other hand, shares of Info Edge (India), Tech Mahindra, Swiggy, LTI Mindtree, Vaari Energy, SRF and Eternal were among the top losers.
Like Large Cap, BSE Midcap Index also managed to gain an overall gain of 0.35 percent in last week’s trading. Shares of Bharat Dynamics, Hitachi Energy India, Thermax, Bank of India, Indian Bank, Petronet LNG, Bank of Maharashtra, GMR Airports and Godrej Industries included in this index were included in the list of top gainers.
On the other hand, shares of Hexaware Technologies, Brain Seed Solutions, Vedanta Fashions, Ola Electric Mobility, Persistent Systems and Clean Science and Technology fell between 6 and 18 percent on a weekly basis. Unlike Large Cap and Midcap, BSE Smallcap index closed with a weakness of 0.50 per cent on weekly basis in last week’s trading.
Shares of Novartis India, RECL Gear Tech, KRN Heat Exchanger & Refrigeration, Godfrey Phillips India, Aeroflex Industries, Jyoti Structures, VL e-Governance & IT Solutions, Net Wave Technologies India, Sadhna Nitrochem, Jindal Poly Investment & Finance Company and Newgen Software Technologies, included in this index, gained 16 to 28 percent on a weekly basis. Was recorded.
On the other hand, shares of Equilon Nexus, Stallion India Fluorochemicals, Shoppers Stop, Pennar Industries, Philetics Fashions, Jagel Prepaid Ocean Services and Trans World Shipping Lines fell between 16 and 22 per cent on a weekly basis.
Talking about sectoral indices, in last week’s trading the Nifty PSU Bank index was successful in gaining 5.50 per cent on weekly basis. Similarly, Nifty’s Energy index gained 2.43 percent on weekly basis and FMCG index gained 1.71 percent in the entire week’s trading.
Apart from this, Nifty’s Pharmaceutical, Defense and Health Care indices recorded a rise of about one percent on a weekly basis. On the other hand, Nifty’s Automobile, Media and IT indices declined between 1.30 per cent and 2.49 per cent on a weekly basis.
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