Eighth Weekly Gain For Sensex; Nifty Misses By 10 Points
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today.
Closing Bell
Indian equity markets ended higher for the third straight day, ending the truncated week on a positive note.
The S&P BSE Sensex ended 1.1% higher at 46,973. The index recovered all of Monday's loss to end higher on a weekly basis by 13 points. This is the eighth straight weekly gain for the index. The last instance of the Sensex gaining for eight straight weeks was between December 2017-January 2018.
The NSE Nifty 50 index also ended 1.1% higher at 13,749. However, it fell short of a weekly gain by 11 points resulting in its first weekly loss since October.
Among the sectoral indices, the Nifty Bank was the top performer, ending 1.7% higher and above the mark of 30,000. The other index that did well in today's session was the Nifty Pharma, which ended with gains of 1.2%.
The PSU Bank index ended with gains of 0.6% while the Auto index saw gains of 0.5%.
Broader markets were mixed in today's session. The Midcap index ended with gains of 0.2% while the Smallcap index rose 0.9%.
1,090 stocks on the NSE ended with gains while 795 stocks declined.
Decoding The Markets This Week
Buzzing Stock: Whirlpool of India
- Top gainer on the Nifty Midcap index
- Trades at a record high
- Gains as much as 12% to Rs 2,534
- Biggest single-day gain since November 2014
- Up for the third straight day
- Today's volumes are eight times its 20-day average
- Stock in overbought territory with Relative Strength Index (RSI) at 76
- Four out of the 12 analysts tracking the stock have a buy recommendation; six sell calls
- The stock is trading 24% higher than its 12-month Bloomberg consensus price target of Rs 1,920.1
In Focus: Aurobindo Pharma
Changing Consumer Behaviour
Markets At 2:10 P.M.
- Benchmark indices trade near the day's high; nearly pare all of Monday's losses
- Nifty up 0.9% at 13,720
- Sensex up 0.9% at 46,856
- Nifty Bank up 2% at 30,468
- Nifty Midcap index up 0.3%
- Nifty Smallcap index up 0.9%
- India Volatility Index down 2.7% to 19.9
- Nifty PSU Bank index is the other major gainer; up 1.3%
- Other sectoral indices like Nifty Metal, Nifty Pharma up 0.6% each
- Nifty I.T. is the top sectoral laggard; down 0.8%
- Tata Motors is the top Nifty gainer; up 3.7%
- Infosys remains the top Nifty laggard; down 1.6%
- 1,137 stocks on the NSE trade with gains while 717 decline
