Indian equity benchmarks BSE Sensex and NSE Nifty 50 opened higher on the first trading day of the week amid positive cues from global markets. Gains in financial and IT shares led the headline indices higher. The BSE Sensex started the week at 60876.01 points, while the NSE Nifty 50 was at 8118.45 points.
The week had four trading sessions, as the markets were closed on January 26, on account of India’s Republic Day.
On Friday, the headline gauges suffered sharp cuts and were reeling under pressure. The Nifty 50 breached the 17500 mark on Friday’s trading session, as Adani group stocks continued their losing streak. The Sensex closed for the week at 59,330.90 points, and the Nifty settled at 17,604.35 points.
Market Movers
Some of the top gainers this week were Bombay Super Hybrid Seeds (up 18.31%), Tata Motors (up 10.07%), Bajaj Auto (up 10.73%), Sona Blw Precision Forgings (up 9.64%), and Coforge (up 4.20%).
On the other hand, some of the top losers this week include Ambuja Cements (down 26.41%), Adani Transmission (down 25.39%), Dixon Technologies (down 23.44%), Adani Green (down 24.97%), and Adani Total Gas (down 23.28%).
The Recap
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