Benchmark indices closes flat, gain for second week in a row; M&M, #Grasim top weekly gainers in #Nifty. #NDTVProfitMarkets
Here's Hersh Sayta with a wrap of the day's action.
Also read: https://bit.ly/3T5Nocm
Here's Hersh Sayta with a wrap of the day's action.
Also read: https://bit.ly/3T5Nocm
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TVTranscript
00:00 Well, it's a week in which markets recorded highs across or through the week Monday, Tuesday,
00:07 Thursday, but we've closed Friday absolutely flat.
00:10 So nothing to complain about per se.
00:13 Now on the benchmark itself, top gainers, you had Bajaj Finsev, some life insurers,
00:19 SPI Life, HDFC Life, which were some of the top gainers.
00:22 Among the losers, you had BPCL, HCL Tech.
00:25 Those are some of your losers.
00:27 So with regard to the advance decline, it was 20 advances to 30 declines.
00:32 So the breadth was in favor of the declines, at least on the benchmarks.
00:36 I'll quickly take it to the mid and the small, the broader markets.
00:40 Around a third of a percent up on both the mid cap as well as the small cap index.
00:44 Sectorally as well, what we largely saw was one media of 1% plus among sectors.
00:53 The top losing sector for today was the Nifty PSU Bank.
00:57 What a run that one is on.
01:00 So honestly, no complaints there per se.
01:03 I'm going to take it through to the week as well.
01:06 Nifty Reality was the top sectoral gainer for the week.
01:09 Gains were led by Soba, Indiabulls Real Estate.
01:12 It gained for the fourth straight week in a row.
01:15 Nifty IT was the top laggard sectorally this week.
01:20 We also saw three week gaining streak being broken.
01:24 Emphasis persistent system, top laggards on the Nifty IT.
01:28 The Nifty Bank gained for a second consecutive week as well.
01:31 You had ICICI Bandhan leading the gains on that one.
01:34 With that, we wrap the week.
01:35 Of course, we will see you next week.
01:37 [Music]