The stock market ended the week bullish with the Nifty 50 and Sensex reaching new all-time highs on Friday July 12th. The Nifty 50 closed at 24,502.15 up 0.77% or 186.20 points for the day with a trading range of 24,331.15 to 24,592.20
Nifty 50 Index: TradingView
The BSE Sensex finished at 80,519.34 gaining 0.78% or 622.00 points and traded between 79,843.39 and 80,893.51. For the week, the Nifty 50 recorded a gain of 0.73% or 178 points while the Sensex added 0.65% or 522 points. This marked the third consecutive week of gains for the Indian markets.
Nifty 50 Top Weekly Performers: (Source: Trendlyne)
Oil and Natural Gas Corporation saw its stock price rise to 307.1 on Friday with a 2.35 point or 0.8% increase for the day. The company posted a strong weekly gain of 6.6%.
ITC Ltd closed at 459.1 up 0.40 points or 0.1% on Friday. The stock recorded a weekly gain of 5.9% and a monthly increase of 6.7%. ITC’s trading volume was 19.0M shares.
Wipro Ltd saw significant movement closing at 560.2 with a substantial increase of 26.05 points or 4.9% on Friday. The company registered a weekly gain of 4.7% and a notable monthly rise of 16.1%. Wipro’s trading volume reached 27.1M shares.
HDFC Life Insurance closed at 635.6 up 1.30 points or 0.2% for the day. The stock gained 4.6% over the week and 7.1% over the month. Its trading volume was relatively low at 2.6M shares.
Britannia Industries ended at 5787.1 rising 25.75 points or 0.5% on Friday. The company saw a weekly increase of 4.3% and a strong monthly gain of 7.6%.
Tata Consultancy Services had a strong performance, closing at 4184.0, a jump of 260.25 points or 6.6% on Friday. TCS recorded a 4.3% weekly gain and a 7.9% monthly increase. Its trading volume was 13.5M shares.
Infosys Ltd finished at 1711.8 up 59.05 points or 3.6% for the day. The stock saw a 3.9% weekly gain and a substantial 14.6% monthly increase. Infosys trading volume reached 17.1M shares.
Maruti Suzuki India was the only stock closing bearish on friday at 12562.5 with a decrease of 152.70 points or 1.2%. Despite this the company still managed a 3.8% weekly gain though it saw a 2.2% monthly decline.
Grasim Industries Ltd ended at 2843.8 rising 42.15 points or 1.5% on Friday. The stock recorded a 3.5% weekly gain and an impressive 15.7% monthly increase. Grasim’s trading volume was 1.5M shares.
Dr. Reddy’s Laboratories closed at 6719.5 up 124.70 points or 1.9% for the day. The company saw a 3.1% weekly gain and a 10.2% monthly increase. Dr. Reddy’s trading volume stood at 588.9K shares.
