The Indian stock market ended the last week on a bearish note, with both major indices closing lower on Friday. The Nifty 50 dropped 292.95 points or 1.17% to close at 24,852.15, while the BSE Sensex fell 1,017.23 points or 1.24% to end at 81,183.93. For the week, the Nifty 50 declined 1.52% or 383 points and the Sensex lost 1.43% or 1,181 points. The Nifty Bank index also saw a drop of 896.20 points or 1.74% on Friday. Despite the overall bearish trend, some stocks managed to post weekly gains.
Hero MotoCorp Ltd. emerged as the top weekly gainer, with a 5.3% increase over the week. On Friday, the stock closed at 5743.8, up 9.55 points or 0.2% for the day.
Asian Paints Ltd. followed closely with a 4.7% weekly gain. The stock ended Friday at 3273.7, rising 35.45 points or 1.1% in the session.
Bajaj Finserv Ltd. posted a 4.2% weekly increase, despite closing 7.80 points or 0.4% lower on Friday at 1857.2.
Titan Company Ltd. saw a 3.7% weekly gain, though it ended Friday down 27.35 points or 0.7% at 3695.5.
SBI Life Insurance Company gained 2.5% for the week. However, it closed Friday at 1896.3, down 11.55 points or 0.6%.
Hindustan Unilever Ltd. rose 2.2% over the week, ending Friday nearly flat at 2839.0, up just 0.50 points.
Bajaj Finance Ltd. increased 1.6% for the week and closed Friday up 72.25 points or 1.0% at 7317.2.
UltraTech Cement Ltd. gained 1.2% weekly, despite dropping 109.80 points or 1.0% on Friday to 11432.9.
Shriram Finance Ltd. saw a modest 1.0% weekly gain but ended Friday down 9.85 points or 0.3% at 3235.7.
Divi’s Laboratories rounded out the top gainers with a 0.9% weekly increase, closing Friday up 16.90 points or 0.3% at 5137.8.
Several stocks discussed in this report have shown resilience in a challenging market environment. For investors looking to make informed decisions, it’s worth noting that detailed technical analyses of these and other key stocks have been featured in our weekly reports. These analyses provide valuable insights into potential price targets, support and resistance levels, and overall market sentiment. Be sure to check out our comprehensive weekly stock reports for a deeper dive into these technical targets, which can help guide your investment strategy in the coming weeks.
