Indian equity markets ended Friday on a negative note, particularly on a week that saw the BSE Sensex and the NSE Nifty 50 scaling new heights and setting fresh records.
The Sensex, which breached the 38,000 barrier on Thursday, ended 150 points lower, at 37,869 on Friday. The Nifty gave up 11,450 mark on Friday, settling at 11,429.50. For the week, both Sensex and Nifty gained by 0.8 and 0.1 percent, respectively.
Except today, the week belonged to bank and financial/NBFC shares, with the Nifty Bank posting 1.5 percent rise. However, pharma companies traded weak with the Nifty Pharma losing nearly 4 percent this week.
Here are the stocks that trended in the markets this week:
ICICI Bank: The private sector lender surged by 7.7 percent. At close on Friday, the ICICI Bank scrip ended at Rs 327.75, erasing gains by Rs 5.25 or by 1.58 percent.
Eicher Motors: Shares of the makers of Royal Enfield went up by 7.4 percent on a weekly basis. It ended at Rs 28,853, adding Rs 1,414.25 in value to the stock, or by 5.15 percent.
Axis Bank: Another private sector lender that surged by 7 percent in the week and contributed to Nifty Bank gains along with ICICI Bank. Axis Bank shares ended in the negative territory, shedding Rs 4.35 or 0.70 percent, to close at Rs 616.70.
Hindalco: Shares of Hindalco Industries Ltd rose 5.2 percent on a weekly basis and settling at Rs 221.50, down by Rs 5.95, or lower by 2.62 percent.
Baja Finance: Shares of the consumer NBFC giant ended at Rs 2815, paring gains by Rs 15.15, or 0.54 percent. The scrip overall gained by 4.7 percent for the week.
Lupin: Shares of the 7th largest pharma company by market cap declined by 8.6 percent on a weekly basis. It settled at Rs 808.50, lower by 1.74 percent, or Rs 14.35.
GAIL: The state-owned natural gas processing and distribution company’s shares dipped by 6.5 percent for the week, closing lower at Rs 364.30, losing Rs 11.25 in value or 3 percent.
Sun Pharma: Shares lost value by 5.4 percent for the week. The scrip ended at Rs 554.50, lower by Rs 16.95 or 2.97 percent.
Adani Ports: The Adani Group company’s shares plunged by 5 percent for the week. It surged by over half a percent in trade today to end at Rs 378.55.
Tata Motors: The domestic automobile company’s shares weakened by 3.2 percent on a weekly basis. The share ended 2.37 percent lower at Rs 139.90.
