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News Topical, Digital Desk : Share Market Closing Bell: Consolidation was seen in the market on the last day of the trading week. Nifty midcap and smallcap stocks saw a good rise on Friday. Nifty Bank closed flat after recovery. Defense stocks saw a strong rise. Nifty Defense Index closed at a record high.
On the sectoral front, buying was seen in PSE, realty and energy stocks. FMCG and auto index closed on a rise. IT and pharma index closed with a slight decline.
At what level did the market close today
After a day's work on Friday, the Sensex closed 200 points lower at 82,331. Nifty closed 42 points higher at 25,020. Nifty Bank closed flat at 55,355. Nifty Midcap index closed 530 points higher at 57,061.
Which stocks saw action today Amidst action in defense stocks, Cochin Shipyard closed with a gain of 12%. Dhanuka Agritech closed 10% higher after strong earnings growth and margin expansion. Jubilant Pharmova closed 4% higher after fourth quarter results. BHEL closed 4% lower after earnings and profits were weaker than estimates. Crompton Greaves closed with a gain of 7% after profit and EBITDA were better than estimates. SKF India closed with a gain of 6% after strong operating performance. Today, a block deal was seen in Bharti Airtel, after which this stock slipped by 3% and was included in the list of the weakest stocks of Nifty today. JSW Infra closed down by 3%. Sajjan Jindal Trust has sold 4.2 crore shares at a discount of 3%.
How was the market this week? This week the market closed with a gain on a weekly basis. Nifty and Sensex closed with a gain of 4%. This week buying was seen in the broader market. For the first time in the last 2 months, the midcap index has seen the biggest rise of 7% this week. 47 out of 50 stocks of Nifty closed with a gain. Intellect Design, NBCC, Angel One, IRFC and SJVN were at the top in the list of the fastest midcap stocks. At the same time. BEL, Adani Enterprises, Hero MotoCorp, Jio Financial Services and Shriram Finance were at the top of the Nifty gainers list.
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