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Weekly Share Review: Stock Market Closes Strong Despite Fluctuations

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New Delhi, April 27 (HS): The domestic stock market successfully closed with overall strength after facing fluctuations during the past week. In the first three days of trading from April 21 to 25, the stock market managed to close strongly, while it experienced declines in the last two days of trading.

After trading from Monday to Friday this week, the Sensex closed at a level of 79,212.53 points, gaining 659.33 points or 0.83 percent on a weekly basis. Similarly, the Nifty ended the previous week’s trading at a level of 24,039.35 points, up by 187.70 points or 0.78 percent.

It is believed that positive signals from ongoing talks regarding tariffs between India and the United States, purchases by foreign investors, the tense situation created after the Pahalgam attack, and mixed quarterly results from companies have led to continuous fluctuations in the domestic stock market.

During the past week’s trading, the BSE large-cap index closed with a modest gain of 0.62 percent. Companies included in this index such as Tech Mahindra, Mahindra & Mahindra, HCL Technologies, Wario Energies, LTI Mindtree, and Divi’s Laboratories were among the top gainers. On the other hand, shares of NTPC Green Energy, Adani Ports and Special Economic Zone, Shriram Finance, Swiggy, SBI Card and Payment Services, JSW Energy, and Varun Beverages were among the top losers.

The BSE mid-cap index successfully closed with a weekly gain of 1.3 percent after trading from Monday to Friday. Among the companies in this index, shares of AU Small Finance Bank, Delhivery, Oracle Financial Services, Coforge, Tata Elxsi, Mphasis, and Persistent Systems were listed among the top gainers. Conversely, shares of Mccure Pharmaceuticals, Zee Entertainment Enterprises, Indian Hotels Company, Biocon, and ACC were listed among the top losers.

The BSE Smallcap Index closed flat during the trading of the past week. Stocks included in this index, such as Rajratan Global Wire, Thyrocare Technologies, Vardhman Special Steels, Best Agro Life, Peninsula Lands, Aptech, Kararo India, and Deccan Gold Mines, closed with weekly gains ranging from 21 to 32 percent. On the other hand, shares of Jenesol Engineering, Pearl Global Industries, Blue Star, Unimek Aerospace and Manufacturing, KR Rail Engineering, Sinjin International, Sterlite Technologies, E-Pack Durables, PCBL Chemicals, Nelco, Gujarat Themis Biosciences, and Ramkrishna Forgings suffered weekly declines of 10 to 22 percent.

On the sectoral front, after trading from Monday to Friday, the Nifty IT Index closed with a gain of 6.5 percent. Similarly, the Nifty Automobile Index closed with a gain of 3 percent, the Nifty Realty Index with a gain of 1.62 percent, and the Nifty Pharmaceutical Index with a gain of 1.61 percent. On the other hand, the Nifty Media Index closed down by 2.01 percent, the Realty Index by 2 percent, and the Nifty Consumer Durables Index by 1.03 percent.

Hindusthan Samachar / Jun Sarkar

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