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Nifty Realty, S&P BSE Power top gainers on NSE, BSE this week
The domestic equity market closed four out of five trading sessions higher this week, while the benchmarks Nifty and the Sensex also snapped five days winning streak to end flat on Friday. Broader Nifty 50 managed to close above 18, 250, while the Sensex too settled above 61,200
The domestic equity market closed four out of five trading sessions higher this week, while the benchmarks Nifty and the Sensex also snapped five days winning streak to end flat on Friday. Broader Nifty 50 managed to close above 18, 250, while the Sensex too settled above 61,200. Sector wise, IT and Realty outperformed the benchmarks, while auto, financial services, FMCG, bank, pharma and media remained under pressure.
Tata Consumers, TCS, Infosys, Larsen & Toubro, IOC, HDFC Bank, Tech Mahindra, Ultratech cement, Kotak Bank, HCL Tech, NTPC and Bajaj Finance were among top gainers, while Asian Paints, Axis Bank, Hindustan Unilever, ONGC, UPL, Mahindra and Mahindra, HDFC Limited and Wipro were the top laggards.
Domestic benchmarks Nifty and the Sensex closed 2.5 per cent higher each for the week ended January 14, 2022.
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The positive takeaway from today's (Friday) closing was that Nifty ended a tad below the dotted lines and most importantly, shrugged off depressing overnight Wall Street, Asian and European cues and also taking rise in oil prices at its stride, said Prashant Tapse, Vice President (Research) at Mehta Equities Ltd.
"There is likely to be lots of opportunities on the buy side as long as Nifty stays above 17889-mark. The immediate goalpost on Nifty is seen at its all-time-high at 18605-mark," added Prashant Tapse.
Ajit Mishra, VP - Research, Religare Broking Ltd, said the markets will first react to the results of two heavyweights- HCL Technologies and HDFC Bank in early trade on Monday.
"We may see further consolidation in the index, however, the bias would remain on the positive side. Participants should continue with the “buy on dips” approach and focus on sectors that are trading in sync with the benchmark," said Ajit Mishra.
Meanwhile, as far as the indices are concerned, S&P BSE Power and Nifty Energy were top performers on the BSE and the NSE for the week ended January 14, 2022. The S&P BSE Power gained 7.4%, while Nifty Energy settled 5.5% higher this week.
Other indices that surged the most on the BSE in the last five trading sessions were S&P BSE Utilities (7%), S&P BSE Capital Goods (6.1%), S&P BSE Industrials and S&P BSE Infra gained 5.3% each for the week ending on January 14.
Similarly, on the NSE, Nifty Realty, Nifty PSU Bank, Nifty Infrastructure and Nifty Small Cap 100 surged 4.9%, 4.1%, 3.9% and 3.7% respectively.
(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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