Sensex, Nifty Halt Longest Weekly Gaining Streak In Over A Year
Closing Bell: Sensex, Nifty Halt Longest Weekly Gaining Streak In Over A Year
Indian equity benchmark halted their longest weekly gaining streak since January 2018.
The S&P BSE Sensex closed over 0.2 percent lower this week to end at 38,767.11 and the NSE Nifty 50 ended at 11,643.45 after falling nearly 0.2 percent during the period. The broader market index represented by the NSE Nifty 500 Index ended 0.11 percent lower this week.
On Friday, the 31-share index and the 50-share gauge ended 0.41 percent and 0.4 percent higher respectively, while the 500-share index ended 0.42 percent higher.
The market breadth was tilted in favour of buyers. About 939 shares advanced and 790 stocks declined on National Stock Exchange.
All the sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Media Index’s 1.4 percent advance.
Stocks Moving On Heavy Volumes
- Stock rose as much as 4.5 percent to Rs 1,034.80.
- Trading volume was more than 19 times its 20-day average.
- Stock rose as much as 19.9 percent to Rs 131.80.
- Trading volume was more than nine times its 20-day average.
Whirlpool of India
- Stock fell as much as 2.7 pecent to Rs 1,395.
- Trading volume was almost seven times its 20-day average.
- Stock rose as much as 10.3 percent to Rs 38.95.
- Trading volume was almost six times its 20-day average.
Market Check: Sensex, Nifty Recover
Indian equity benchmarks recovered from day’s low. Sensex rose nearly 100 points and Nifty traded above 11,600.
From Bloomberg: Europe Stocks Swing As Corporate Earnings Take Focus From Growth
Stocks in Europe fluctuated between gains and losses on the final trading day of a week that’s lacked real direction as investors put aside concerns over the health of the global economy and international trading partnerships to focus instead on incoming financial results from some of the world’s most influential companies.
PC Jeweller At Nine-Month High After Block Deal
Shares of PC Jeweller rose as much as 12.3 percent to Rs 108.30, the highest in nine months.
About 17 lakh shares of the company changed hands in a single block, Bloomberg data showed. Buyers and sellers were not known immediately.
Trading volume was more than double its 20-day average, according to Bloomberg. The Relative Strength Index was above 70, indicating that the stock may be overbought.