Produced by: Prashun Talukdar
Indian equity benchmarks on Friday rose sharply, led by strong gains in metals, pharma, IT and automobile stocks. The 30-share BSE Sensex touched an intraday high of 81,427.18 before settling 1,293 points or 1.62% up at 81,333. The broader NSE Nifty index hit a new lifetime peak of 24,861.15. It closed 429 points or 1.76% higher at 24,835. Stocks such as Paytm, IDBI Bank, Suzlon Energy and Indian Hotels were among the top gainers on Nifty 200 during this week.
One97 Communications Ltd’s (Paytm’s parent) stock was the top gainer this week in the Nifty 200 universe as the scrip soared 14.32% to Rs 509.05 on NSE. The stock has zoomed 23.32% in the last one month.
IDBI Bank Ltd’s stock surged 13.04% this week to Rs 104.22 on NSE, and was among the top gainers in the Nifty 200 universe. In the last one month, the stock has gained 22.68%.
Suzlon Energy Ltd’s stock was also among the top gainers in the Nifty 200 pack this week as it moved 11.73% higher to Rs 61.89 on NSE. The stock has surged 15.47% in the last one month.
Indian Hotels Company Ltd’s stock climbed 11.11% to Rs 647 on NSE in the week ended on July 26, and was among the top gainers in the Nifty 200 universe. However, the stock has slipped 1.93% on a monthly basis.
ICICI Prudential Life Insurance Company Ltd’s stock was also among the top gainers in the Nifty 200 universe this week as it rose 10.71% to Rs 724.9 on NSE. In the last one month, the stock has gained 20.75%. Shares of Kalyan Jewellers India, Tata Motors, United Spirits, HDFC Life Insurance Company and Ashok Leyland also picked up pace on NSE 200 during the week.
Indian Railway Finance Corporation Ltd’s stock slumped 10.87% this week to Rs 183.44 on NSE, and was the top loser in the Nifty 200 pack. The stock, however, has climbed 4.46% in the last one month.
Axis Bank Ltd’s shares plunged 10.08% to Rs 1,177.35 on NSE this week, making the stock one of the top losers in the Nifty 200 universe. The scrip has slipped 7.4% in the last one month. During the week, shares of Poonawalla Fincorp, Bharat Dynamics, Wipro, Godrej Properties and Mazagon Dock Shipbuilders also saw sharp corrections on NSE 200.