The Nifty 50 closed the week at 23,501 which was up by 0.15% for the week after touching an all-time high of 23,667.10 on Friday before close. It traded and recorded a drop of 65 points on Friday while the whole week it recorded a gain of 35 Pts . This comes after recording a weekly long-legged bullish candle two weeks ago.
Nifty 50 Index Weekly Chart: TradingView
The Sensex mirrored this performance ending at 77,209.90 with a 0.28% weekly gain. Both indices saw a slight pullback on Friday with the Nifty 50 dipping 65.90 pts (0.28%) and the Sensex falling 269.03 pts (0.35%). Despite these minor setbacks the overall weekly performance remained positive indicating ongoing market strength.
Let’s look at the top 10 best weekly gainers.
ICICI Bank Ltd saw a weekly gain of 4.8% closing at 1158.7 on Friday. The stock finished the day up 1.85 points (0.2%), showing positive momentum.
Source: Trendlyne
Axis Bank Ltd also posted a 4.8% weekly increase with its last traded price at 1237.5. However, it experienced a slight dip of 2.05 points (0.2%) on Friday. The bank monthly performance is particularly strong with a 9.9% gain.
HDFC Bank Ltd closed at 1665.8 registering a 4.3% weekly gain. Just like Axis Bank it saw a minor decrease of 3.60 points (0.2%) on Friday. HDFC Bank monthly performance is also impressive with a 14.2% increase.
Adani Ports & Special Economic Zone Ltd ended the week at 1485.5 which was up by 3.8% for the week. It gained 16.10 points (1.1%) on Friday indicating strong investor interest.
Kotak Mahindra Bank closed at 1775.7 showing a 3.4% weekly increase. The stock rose by 9.40 points (0.5%) on Friday with a monthly gain of 4.5%.
Shriram Finance Ltd had a notable week rising 3.3% to close at 2821.7. It gained 16.45 points (0.6%) on Friday and shows substantial monthly growth of 20.8%.
Infosys Ltd finished at 1532.7 which was up 2.9% for the week. It rose 17.30 points (1.1%) on Friday with a monthly gain of 5.4%.
Wipro Ltd closed at 490.6 posting a 2.7% weekly gain. It remained relatively stable on Friday with a marginal increase of 0.15 points (0.0%)
Tech Mahindra Ltd ended at 1399.8 which was up 2.1% for the week. The stock gained 6.70 points 0.5% on Friday and showed a 5.2% monthly increase.
LTIMindtree Ltd closed at 5125.5 with a 1.9% weekly gain. It saw a significant rise of 73.00 points (1.4%) on Friday and with a 7.3% monthly increase.
