Nifty 50 and Sensex closed the week on a positive note marking two consecutive weeks of gains. The Nifty 50 ended at 24,323.85, up 0.089% or 21.70 Pts on Friday as it gained 1.30% or 313.25 points for the week. The BSE Sensex closed at 79,996.60 down 0.066% or 53.07 points on Friday but still managed a weekly gain of 1.22% (963.88 points). Both indices showed strength with Nifty 50 trading between 24,168.85 and 24,363.00 while Sensex ranged from 79,478.96 to 80,149.87 during Friday's session.
Nifty 50 Index Weekly Chart: TradingView
Shivalic Power Control Ltd topped the weekly gainers chart with a massive 288.5% surge. Its last traded price (LTP) on Friday was 388.5 up 10.60 points or 2.8% for the day.
Divine Power Energy followed with a 226.6% weekly gain. However it closed Friday at 130.7 which was down 6.85 points or 5.0%. The monthly gain matched its weekly performance at 226.6%.
Source: Trendlyne
Diensten Tech Ltd saw a 144.2% weekly increase. Its LTP was 244.2 dropping 12.85 points or 5.0% on Friday. The weekly performance was at 144.2% gain.
Petro Carbon and Chemicals Ltd recorded a 113.2% weekly gain. It closed at 364.6 on Friday up 17.35 points or 5.0%. Its monthly gain was also 113.2%.
Nephro Care India Ltd showed impressive growth with a 99.5% weekly gain. The stock's LTP was 179.6 surging 89.55 points or 99.5% on Friday. Its monthly gain matched the weekly performance.
Nirman Agri Genetics saw a 91.6% weekly increase. It closed at 398.3 up 36.20 points or 10.0% on Friday. The monthly gain was slightly higher at 99.4%.
Ajel Ltd gained 85.2% for the week. Its LTP was 27.2 up 1.64 points or 6.4% on Friday. The monthly gain was 78.9%.
Enfuse Solutions Ltd. recorded a 79.2% weekly gain. It closed at 215.0 up marginally by 0.10 points or 0.1% on Friday. The monthly gain was higher at 93.7%.
Colinz Laboratories saw a 78.8% weekly increase. Its LTP was 76.8, up 6.98 points or 10.0% on Friday. The monthly gain was 86.5%.
Shri Krishna Devcon rounded off the list with a 76.0% weekly gain. It closed at 59.0, up 5.36 points or 10.0% on Friday. The monthly gain was higher at 87.9%.The market positive momentum as seen on a long-legged bullish candle formation post-elections suggested a potential for continued economic growth. This technical indicator, coupled with the broad-based rally across sectors points to a sustained bullish market.