During the week, the Sensex sophisticated 267.47 points or .60%, although the Nifty gained 109.90 points or .85%.
Equities ended marginally decrease on Friday following a choppy session. The Nifty fell 18.05 points (.14%) to close at 12,986.85 although the Sensex declined by 110.02 points (.25%) to close at 44,149.72. However, stocks marked a fourth straight week of gains, the longest streak because July. During the week, the Sensex sophisticated 267.47 points or .60%, although the Nifty gained 109.90 points or .85%. The benchmarks have risen 11.5% in November alone.
Dhiraj Relli, MD and CEO, HDFC Securities, stated: “The key thing to watch out for is the time services will take to come back to normal and whether manufacturing growth reflects restocking, pent-up demand or is reflective of normal demand conditions which have revived sustainably. Equity markets could open higher on Tuesday reflecting the positivity of the Q2 GDP numbers.”
Significant gainers on the Nifty have been Tata Motors, Asian Paints, HeromotoCorp, Divi’s Laboratories and Bajaj Auto, up by 2.82%, 2.01%, 2%, 1.8% and 1.31%.
Notable losers have been Nestle India, Powergrid Corporation, JSW Steel, Shree Cement and HCL Tech, down by 4.3%, 3.24%, 2.6%, 2.3% and 2.2%.
Foreign portfolio investors on Friday purchased stocks worth $1 billion although domestic institutional investors sold stocks worth $653 million.
Markets Germany, the UK and France have been up among .2% and .5%. The markets Hong Kong, South Korea and China gained among .28% and 1.14%.