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News Topical, Digital Desk : The stock market witnessed profit-booking on Friday, though the rally in the early weeks has helped the stock market remain in the green this week as well. Major indexes rose by about one percent this week, while smaller stocks performed even better. This is the third consecutive week of gains. Several stocks saw strong action, with small-cap stocks gaining up to 36 percent during the week.
How was the market this week?
During the week, the Nifty50 gained 213.05 points, or 0.83 percent, to close at 25,327.05. The Sensex gained 721.53 points, or 0.88 percent, to close at 82,626.23. The BSE Mid-Cap and Large-Cap indices gained 1 percent, while the Small-Cap index jumped 2 percent. Among sectors, all indices closed with gains except the Nifty FMCG index, which fell half a percent. Meanwhile, the Nifty PSU Bank index gained nearly 5 percent, the Nifty Realty index rose more than 4 percent, the Nifty Defense index gained 3.4 percent, and the Nifty Energy and Oil & Gas indices gained 2 percent. Foreign investors' selling continued for the 12th consecutive week, selling shares worth ₹1,327.38 crore this week. At the same time, domestic institutional investors (DIIs) continued their buying spree for the 23rd consecutive week and bought shares worth Rs 11,177.37 crore. Which stocks made gains? This week, more than 20 smallcaps have gained 10 per cent or more, 10 stocks have gained 15 per cent or more. Among the top gainers, IRM Energy has gained nearly 37 per cent. Banco Products (India) has gained nearly 30 per cent. Sindhu Trade Links has gained nearly 22 per cent. Hi Tech Pipes has gained more than 19 per cent during this period. Ramco System and Redington have gained more than 18 per cent. Other stocks that have gained more than 10 per cent include Bajaj Consumer, PC Jewellers, Prism Johnson, Poonawalla Fincorp.
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