The Indian stock market ended the week on Friday, May 3rd, on a downward note. The Nifty 50 index closed at 22,475.85, down 0.76%, 172.35 points. The BSE Sensex also dipped 0.98% or 732.96 points to end at 73,878.15. This followed record highs from Nifty 50 reached in early trading on Friday before profit-taking set in.
Bse Sensex Index: TradingView
The Nifty 50’s previous close was 22,648.20, with the day’s trading range spanning 22,348.05 to 22,794.70 and also marking 52 weeks high. As for the Sensex, its prior close was 74,611.11, with Friday’s range of 73,467.73 to 75,095.18. Its 52-week range extends from 58,893.00 to 75,124.28.
Let’s look at some of the top stock performances.
Tata Consultancy Services (TCS)
Tata Consultancy Services, India’s largest IT services company, saw its shares dip 0.65%, Rs 25.30 to Rs 3,838.00 on Friday. TCS’s previous close was Rs 3,863.30, with the day’s range being Rs 3,797.60 to Rs 3,893.60. Over the last 52 weeks, the stock has traded between Rs 3,156.00 and Rs 4,254.75.
TCS has a market cap of Rs 13.89 trillion and an average daily trading volume of 2.27 million shares. Its price-to-earnings (P/E) ratio currently stands at 30.49. In its fiscal Q4 2024 earnings reported on April 12th, TCS posted a 3.51% year-over-year increase in revenue to Rs 612.37 billion.
Infosys
Infosys, another major Indian IT player, bucked the downtrend with its shares rising 0.092%, Rs 1.30 to Rs 1,415.75. Infosys’s previous close was Rs 1,414.45, and its trading range on Friday was Rs 1,403.20 to Rs 1,424.80. The stock has moved between Rs 1,239.05 and Rs 1,733.00 over the past 52 weeks.
Infosys has a market cap of Rs 5.86 trillion and an average daily volue of 7.93 million shares. Its P/E ratio is 22.37, and the stock offers a dividend yield of 2.68%. Infosys is primarily listed on the NSE.
Hindustan Unilever (HUL)
Shares of consumer goods giant Hindustan Unilever declined 0.55% or Rs 12.35 to Rs 2,213.95 on Friday. HUL’s prior close was Rs 2,226.30, with the day’s range being Rs 2,204.00 to Rs 2,235.65. The stock has traded between Rs 2,172.05 and Rs 2,769.65 over the past year.
HUL commands a market capitalization of Rs 5.21 trillion and has an average daily volume of 1.94 million shares. Its P/E ratio is elevated at 50.62, while the dividend yield is 1.90%.
Reliance Industries
Reliance Industries, India’s most valuable company, witnessed a 2.12%, Rs 62.10 drop in its share price to Rs 2,871.00. Its previous close was Rs 2,933.10, with Friday’s range being Rs 2,832.30 to Rs 2,949.90. Reliance’s 52-week trading range is Rs 2,190.71 to Rs 3,024.90.
The oil-to-telecom conglomerate has a staggering market cap of Rs 19.41 trillion and an average daily volume of 5.05 million shares. Reliance’s P/E ratio is 27.90.
HDFC Bank
HDFC Bank, India’s largest private sector lender, saw its shares decline 1.08% , Rs 16.60 to Rs 1,515.65. The bank’s previous close was Rs 1,532.25, with the day’s range being Rs 1,507.20 to Rs 1,540.60. Over the past year, HDFC Bank’s stock has moved between Rs 1,363.55 and Rs 1,757.50.
The bank has a market cap of Rs 11.54 trillion and an average daily volume of 16.31 million shares. Its P/E ratio is 16.84, and the dividend yield stands at 1.29%.
Trading is set to resume tomorrow, Monday, May 6th, when the weekend ends.
