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Domestic Equity Markets End Week on a High Note Amid Global Cues

Strategic Insights

— 1 min read

The domestic equity markets sustained their upward momentum into the final trading session of the week, buoyed by healthy global cues. The NSE Nifty 50 index hovered near 17,900 levels with a gain of 105 points, while the S&P BSE Sensex climbed around 300 points to trade near 60,000 levels. The broader markets also participated in the rally, with the Nifty Midcap 100 and Nifty Smallcap 100 indexes surging up to 0.6%.

Key Takeaways:

  • IndusInd Bank, ICICI Bank, SBI, HUL, and Tata Steel were among the top contributors to the market's gain.
  • Sectorally, the Nifty Bank and Nifty Metal indices led the charge, indicating strength in these sectors.
  • A total of 191 stocks hit a 52-week high on the BSE intraday, while 11 securities were at fresh lows.
  • Adani Ports, Shree Cement, IndusInd Bank, Hindustan Unilever (HUL), and State Bank of India (SBI) were among the top gainers in the Nifty 50 pack.
  • Larsen and Toubro (L&T), Bajaj Finserv, Mahindra and Mahindra (M&M), BPCL, and Maruti were the top losers in the Nifty 50 pack.
  • IndusInd Bank, SBI, Tech Mahindra, HCL Technologies, Infosys, HUL, and Tata Steel were the top Sensex gainers, while M&M, L&T, Powergrid, Bajaj Finance, Bharti Airtel, Titan, Bajaj Finserv, Reliance, Ultratech Cement, and Kotak Bank were the laggards.
  • Several stocks, including Aditya Birla Fashion and Retail, Adani Enterprises, Adani Ports and Special Economic Zone, Ambuja Cements, Apollo Tyres, Bank of Baroda, Cantabil Retail, Data Patterns, Eureka Forbes, Hindustan Aeronautics, and Hariom Pipe Industries, hit 52-week highs.

Statistics:

  • The NSE Nifty 50 index gained 105 points, reaching 17,900 levels.
  • The S&P BSE Sensex climbed around 300 points, reaching 60,000 levels.
  • A total of 191 stocks hit a 52-week high on the BSE intraday.
  • 11 securities were at fresh lows on the BSE intraday.
  • The Nifty Midcap 100 and Nifty Smallcap 100 indexes surged up to 0.6%.
  • The top gainers in the Nifty 50 pack were Adani Ports, Shree Cement, IndusInd Bank, Hindustan Unilever (HUL), and State Bank of India (SBI).
  • The top losers in the Nifty 50 pack were Larsen and Toubro (L&T), Bajaj Finserv, Mahindra and Mahindra (M&M), BPCL, and Maruti.

Sources:

  • Contify.com
  • IE Online Media Services Pvt. Ltd.

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