Domestic stocks closed lower on Friday as investors booked profits that generated from the one-week stock rally.
The BSE benchmark Sensex closed 0.6% or 222 points lower at 38,164, but the week ended 0.36% higher. The NSE Nifty50 which declined 0.5% on Friday was also emerged a weekly gain of 0.26% for the week. The Nifty Mid-cap index was also declined 0.7% for the week.
Looking through the sectors, the Nifty Auto index fell significantly, down 4.7%. Also the Nifty Media down 3.8% and the Nifty Metal index declined 0.8% for the week. The Nifty Realty outperformed in the sector, rose 6.1% followed by the Nifty FMCG, Energy and Bank Nifty.
Hindalco Industries was the best performing stock, up 5%, among top Nifty stocks, this week. Indiabulls Housing Finance also advanced 3.8%, followed by Infosys, Dr Reddy’s Lab, Yes Bank, and Axis Bank rallied in the range of 3 to 5%.
Among top losers for the week, Maruti Suzuki fell over 7% followed by Eicher Motors and HeroMoto Corp.