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Sensex, Nifty Log Longest Weekly Winning Streak In Over Three Months

Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today.

<div class="paragraphs"><p>Stock market movements on an electronic display. (Photographer: Paul Hanna/Bloomberg)</p></div>
Stock market movements on an electronic display. (Photographer: Paul Hanna/Bloomberg)
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India's stock benchmarks rose for the fourth consecutive week, the longest winning streak since the week ended September 24, 2021, aided by gains in energy, realty, psu banks and metal stocks.

On Friday's session, the S&P BSE Sensex and NSE Nifty 50 snapped a five-day winning streak, closing with marginal losses.

Sensex, Nifty Log Longest Weekly Winning Streak In Over Three Months

Sensex erased intraday losses to close little changed at 61,223.03. The Nifty 50 also closed flat at 18,255.75. Both the measures shed over 0.75% in intraday trade.

Sensex, Nifty Log Longest Weekly Winning Streak In Over Three Months

Asian Paints Ltd. had the largest drop, falling 2.7%. Today, 29 of 50 shares fell, while 20 rose.

Sensex, Nifty Log Longest Weekly Winning Streak In Over Three Months

The broader indices outperformed their larger peers with S&P BSE MidCap added 0.22% and S&P BSE SmallCap rising 0.5%. Eleven of the 19 sectoral indices compiled by BSE Ltd. rose with S&P BSE Capital Goods gaining nearly 1.5%.

The market breadth was skewed in the favour of bulls. About 2,060 stocks advanced, 1,346 declined and 97 remained unchanged.

"Nifty, after five days of continuous positive close, ended the day on weak note with miniscule loss at 18,256 levels", noted Siddhartha Khemka. The head - retail research at Motilal Oswal Financial Services Ltd. added "record high inflation in US is dampening the sentiments in other wise positive macro data environment. Moreover, Markets have recovered sharply by more than 10% from its recent lows of 16,400 levels in just 20 days. Valuations are no longer cheap and require strong earnings delivery for sustenance of positive momentum in the market".

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NSE Nifty IT Recovers Aided By Gains In TCS, Infosys, Tech Mahindra, HCL Tech


Sensex, Nifty Erase Losses Aided By A Rebound In IT Stocks

Sensex, Nifty Log Longest Weekly Winning Streak In Over Three Months
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Sensex, Nifty Log Longest Weekly Winning Streak In Over Three Months

Datamatics Jumps After Entering Into Strategic Partnership With PSI Services

Shares of Datamatics Global Services Ltd. rose 5% in intraday trade after the company entered into a long-term strategic partnership with PSI Services.

As part of the deal, Datamatics will provide customer management solutions through remote proctoring, customer support and technical support.

Source: Exchange Filing

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