Market This Week: Market grew for the second consecutive week, these stocks made huge profits

News Topical, Digital Desk : The stock market has seen growth for the second consecutive week. The market benefited from the reduction in Middle East tensions and the continued buying by foreign investors. Apart from this, the market has also benefited from the expectation of easing of tariff war and better progress of monsoon. The metal sector remained bullish during the week. However, the IT sector was under pressure. At the same time, the rupee has also seen good strength against the dollar this week.

How was the trading this week?

During the week, the Sensex recorded a gain of 1,650.73 points or 2 percent and closed at 84,058.90. At the same time, Nifty 50 closed at 25,637.80 with a gain of 525.4 points or 2.09 percent. The highest gain was seen in smallcap stocks. The index rose by more than 3.5 percent. At the same time, large cap and mid cap have increased by more than 2-2 percent. During the week, the metal index strengthened by 4 percent, media index by 4.3 percent, oil and gas by 3.2 percent, and Nifty PSU Bank index by 2.5 percent. At the same time, the realty index and IT index closed with a decline. FIIs continued buying for the second consecutive week and bought equities worth Rs 4,423 crore. Domestic investors bought equities worth Rs 12,390.17 crore during the week. The Indian rupee, breaking the decline of the last four weeks, closed 110 paise stronger at 85.49 per dollar on June 27, whereas it was at 86.59 per dollar on June 20. Where there was profit and where there was loss IDBI Bank, Adani Total Gas, Jio Financial Services, Adani Power, Hyundai Motor India, Berger Paints India, Polycab India, Adani Enterprises included in the large cap index were in the green, while Brainbees Solutions, Hindustan Petroleum Corporation, Abbott India, Bayer CropScience, Page Industries, Punjab and Sind Bank included in the mid cap index were in the green. Most action was seen in the small cap. Kirloskar Brothers, Balaji Amines, Astec Lifesciences, Steel Exchange India, Mukand, Bajel Projects, Bajaj Consumer Care and Nuvama Wealth Management were up by 20 to 30 percent, whereas Sadhana Nitrochem, Infibeam Avenues, Timex Group India, Confidence Petroleum fell by up to 22 percent. 

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