Top 10 weekly gainers
Out of the 263 stocks that were up during the week, just five managed double-digit returns led by 17% returns by Infibeam Avenues. The next to follow are SpiceJet (16%), Tata Communications (16%), FSN E-Commerce Ventures (Nykaa, 11%) and Divi’s Laboratories (10%).
Others like Yes Bank, Federal Bank, Fortis Healthcare, Max Healthcare Institute and IDFC First Bank were other top gainers with high single-digit returns up to 9.9%.
Biggest laggards
In the BSE 500 index, 226 counters closed in the red. The biggest losers were Restaurant Brands Asia, Aegis Logistics and Advanced Enzyme Technologies which fell 9%, 8% and 7%, respectively. Others like UNO Minda, Godrej Industries, Tata Investment Corporation, Finolex Industries, TCI Express, K.P.R. Mill and Jindal Steel declined between 7% and 6%.
Sensex performance
Sensex’s performed better than the broader index with 1.5% uptick on account of strong performances from HCL Technologies, Eternal and heavyweights like Infosys and Tata Consultancy Services (TCS). Their gains stood at 7.3%, 6%, 4.7% and 4.4% in the pecking order.
The IT bellwether reported a mixed set of numbers with net profit falling below Street’s estimates and revenue beating analyst expectations.
Also Read: TCS Q2 Results: Cons PAT rises 1.4% YoY to Rs 12,075 crore, misses street estimates
In the 30-stock index only 10 counters closed in the red viz. Tata Motors (-5.2%), Trent (-2.6%), and Asian Paints (-0.8%) were the top three weekly losers. Adani Ports and Special Economic Zone (APSEZ), NTPC, Hindustan Unilever (HUL), ITC, Mahindra & Mahindra (M&M), Power Grid Corporation of India and Axis Bank saw marginal falls between 0.70% and 0.14%.
Sector snapshot
BSE Information Technology was the top weekly gainer at 4.3% followed by BSE Telecommunication (2.9%) and BSE Healthcare (2.7%). Others which were higher by 1% or more are BSE Financial Services, BSE Bankex, BSE Realty and BSE Private Bank Index.
Among the worst performers were BSE FMCG (-0.3%), BSE CPSE (-0.2%) and BSE Power (-0.2%). Meanwhile metals, auto, utilities and industrials fell marginally.
BSE Midcap ended with 1.5% uptick while BSE Smallcap closed flat.
FII/DII action
Foreign Institutional Investors (FIIs) changed the course to end up as net buyers this week. The purchased domestic shares worth Rs 3,603 over a five-day period while the domestic institutional investors (DIIs) were net buyers at Rs 8,391.2 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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