A week with consistent gains saw the Indian stock market demonstrate its resilience. Meanwhile, 282 points or 1.15% was added by Nifty 50 and Sensex rose at a sluggishly higher rate of 0.81% or 649 points. This uptrend reflects the growing confidence of investors despite concerns about global economic recovery.
Nifty 50 Weekly Chart: TradingView
The Nifty Bank index, however, saw a slight dip of 0.10% or 52.25 pointson Friday, indicating some caution in the financial sector. Friday’s trading session ended on a positive note with both major indices posting slight gains. The Nifty 50 closed at 24,823.15, up 0.047% or 11.65 points, while the Sensex finished at 81,086.21, gaining 0.041% or 33.02 points.
Hindustan Industries led the weekly gainers with an impressive 8.0% increase, despite a slight dip on Friday. The stock closed at 685.1, down 0.45 points or 0.1% for the day.
Source: Trendlyne
SBI Life Insurance Company followed closely with a 5.9% weekly gain. Friday saw a minor setback as the stock fell 5.95 points or 0.3%, ending at 1789.3.
Bharat Petroleum Corporation matched SBI Life’s weekly performance with a 5.9% increase. It bucked the trend on Friday, rising 2.10 points or 0.6% to close at 352.2.
Bajaj Finserv Ltd. surged 5.8% over the week. It continued its upward trajectory on Friday, gaining 14.20 points or 0.9% to finish at 1639.9.
HDFC Life Insurance Company saw a 5.7% weekly increase. Friday’s trading added to its gains, with the stock rising 3.00 points or 0.4% to 729.0.
Grasim Industries Ltd also posted a 5.7% weekly gain, despite a slight pullback on Friday. It closed at 2748.6, down 6.60 points or 0.2%.
Bajaj Auto Ltd. was a standout performer, jumping 5.2% for the week and an impressive 492.25 points or 5.0% on Friday alone, closing at 10406.5.
Coal India Ltd. matched Bajaj Auto’s weekly gain of 5.2%. It saw strong Friday performance, rising 10.00 points or 1.9% to end at 538.9.
Hero MotoCorp Ltd. rounded out the top performers with a 5.0% weekly increase. Friday brought further gains of 54.95 points or 1.0%, closing at 5384.9.
Shriram Finance Ltd. saw the smallest weekly gain at 4.9%. It faced some selling pressure on Friday, declining 17.05 points or 0.5% to finish at 3126.6.
Most of these stocks have been analyzed throughout the week with their targets, go through our previous pieces to get key insights on each of the stocks highlighted above.
