Nifty 50 and Sensex reached new all-time highs on Friday before retreating. The Nifty 50 closed at 24,530.90 down 269.95 points or 1.09% after hitting an intraday high of 24,854.80. The BSE Sensex ended at 80,604.65 falling 738.81 points or 0.91% and after touching 81,587.76 earlier in the session. Despite Friday’s pullback both indices managed to close the week with slight gains. The Nifty 50 rose 28.75 points or 0.12% for the week while the Sensex added 85.30 points or 0.11%.
Nifty 50 Index Weekly Chart: TradingView
SBI Life Insurance Company saw its stock price increase 5.4% over the week. On Friday it closed at 1647.7 down 12.10 points or 0.7% for the day.
Infosys Ltd. gained 4.7% for the week. Its last traded price on Friday was 1793.0 up by 34.90 points or 2.0%.
Source: Trendlyne
Oil and Natural Gas Corporation rose 4.1% weekly. It ended Friday at 319.7 dropping 12.05 points or 3.6%.
Hindustan Unilever Limited climbed 4.0% for the week. On Friday it closed at 2727.0, down by 11.40 points or 0.4%.
State Bank of India added 3.5% over the week. Its Friday closing price was 889.4, a decrease of 4.20 points or 0.5%.
LTIMindtree Ltd. gained 3.4% weekly. It finished Friday at 5762.8 up 5.85 points or 0.1%.
ITC Ltd. also rose 3.4% for the week. On Friday it closed at 474.6, an increase of 4.30 points or 0.9%.
Tata Consumer Products saw a 3.1% weekly gain. It ended Friday at 1188.0 down 5.40 points or 0.5%.
Tata Consultancy Services added 2.8% over the week. Its Friday closing price was 4302.4, a decrease of 13.15 points or 0.3%.
Bajaj Finserv Ltd. climbed 2.7% for the week. On Friday, it closed at 1640.3, down 11.00 points or 0.7%.
Stocks recorded much drop last week on Friday as top stocks reported mixed quarterly earnings.Is that expected this week? More stock companies will continue the activity this week therefore market volatility is also expected in the coming week.
