The Indian stock markets reached new highs on Friday, with the Nifty 50 closing at 25,235 and the Sensex at 82,365. The Nifty 50 gained 0.33% or 83.95 points to end at 25,235.90 while the Sensex rose 0.28% or 231.16 points to finish at 82,365.77. For the week, the Nifty 50 gained 1.66% or 412.75 points and the Sensex climbed 1.58% or 1,279.56 points. Monthly gains were more modest, with the Nifty 50 up 1.14% or 284.75 points and the Sensex advancing 0.76% or 624 points.
Nifty 50 Ndex Weekly Chart: TradingView
Bajaj Auto Ltd led the monthly pack with impressive gains. Its last traded price was 10,891.6, up 83.70 points or 0.8% on Friday. The stock showed strong performance over the week with a 4.7% increase and an even more substantial 13.9% monthly gain.
Shriram Finance Ltd closed at 3,204.5, rising 4.00 points or 0.1% on Friday. It recorded a 2.5% weekly gain and a strong 10.0% monthly increase
Bajaj Finserv Ltd ended at 1,783.1, up 27.40 points or 1.6% for the day. The stock saw an 8.7% weekly jump and an 8.6% monthly rise.
Source: NSEIndia
LTIMindtree Ltd finished at 6,156.1, gaining 23.95 points or 0.4% on Friday. It posted a 9.1% weekly increase and an 8.5% monthly growth.
Cipla Ltd closed at 1,654.9, up 36.35 points or 2.3% for the day. The stock registered a 5.1% weekly gain and an 8.2% monthly increase.
Bharti Airtel Ltd ended at 1,589.1, rising 23.15 points or 1.5% on Friday. It saw a 5.5% weekly climb and an 8.1% monthly advance.
HCL Technologies Ltd finished at 1,753.3, up 1.40 points or 0.1% for the day. The stock recorded a 5.5% weekly gain and a 7.5% monthly increase.
SBI Life Insurance closed at 1,850.3, gaining 6.60 points or 0.4% on Friday. It posted a 3.4% weekly rise and a 7.5% monthly growth.
Sun Pharmaceutical Industries Ltd ended at 1,821.7, up 22.45 points or 1.3% for the day. The stock saw a 2.6% weekly increase and a 7.1% monthly gain.
Tech Mahindra Ltd was the only decliner in the list, closing at 1,636.5, down 10.85 points or 0.7% on Friday. Despite this, it still managed a 2.4% weekly gain and a 6.4% monthly increase.
In regard to these top stocks analyzed today, strong bullish moves with key breakouts and targets have been achieved. The technical analysis of these stocks including their structure and targets have also been reported in most of our previous pieces. The actions observed today are in line with our previous analysis taking the bullish view of these top gainers. Be sure to check them out for insights on the next target price for each stock.
