Index slides key level, Stock tips for next week

Bulls or Bears

Continuing with weak performance for the third day in a row, the equity benchmark indices closed on a flat note with the Nifty at 10,906.95, just 1.75 points up. The Sensex also followed with 12 points to close at 36,386.61.

However, the day seen solid buying in heavy-weight stocks such as Reliance Industries, Wipro, Kotak Bank, Hindalco and HCL Tech emerged in the Nifty50 index at the top, while Sun Pharma, Bharti Airtel and Gail India were top losers in the index. For the week, Sensex and Nifty both ended 1 percent higher.

Among the sectors, Nifty pharma, PSU bank, Realty, media and FMCG have undergone selling pressure while IT sector witnessed some buying to a certain extent with index rising  0.63 percent at 14,892.95.

Reliance Industries Limited (RIL) accounted for the biggest extent of gains in shares ending 4.53% higher at its best closing level since over three months after the largest private-sector company reported a record quarterly profit on Thursday.

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