NIFTY 50 largely rose +2.1% (+469 pts), closed at 23290 points, rose 3 days in a row, hit a record high, rose +3.4% (+759 pts) for the week.
Among the 150 largest-cap stocks, 136 (91%) closed higher. 84% of all NSE stocks ended higher, good for the market.
In terms of sectors, all sectors were up with gains from +1.1% to +2.8%. 5 sectors outperformed the market. The market was up +1.7%; Communication was up +2.8%, the best performer, reflecting a more aggressive market sentiment; Consumer Defensive was up +1.1%, but already the worst performer.
● Schaeffler India (SCHAEFFLER) largely retreated -2.7% (-$117.1), closed at $4153.9, fell -2.1% (-$87.6) for the week, fell 2 weeks in a row. The worst performer today with a significant decrease in volume.
360miq.com/stockinfo?code=SCHAEFFLER.N
● Mahindra & Mahindra (M&M) largely rebounded +5.8% (+$157.6), closed at $2857.45, hit a record high, rose +14% (+$351.2) for the week. The best performer today with a slight increase in volume.
360miq.com/stockinfo?code=M&M.N
● Wipro (WIPRO) spiked +5.1% (+$23.55), closed at $484.55, rose 3 days in a row, the best % gain in more than 4 months, also a 41-day high, rose +10.6% (+$46.35) for the week, crossed above MA50 ($462.52). The largest increase in volume today.
360miq.com/stockinfo?code=WIPRO.N
● Infosys (INFY) largely rose +4.2% (+$61.35), closed at $1533.6, rose 3 days in a row, the best % gain in nearly 5 months, also a 53-day high, rose +9% (+$126.7) for the week.
360miq.com/stockinfo?code=INFY.N
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