Weekly wrap on stocks for the week ended Jan-19

Sensex and Nifty have registered modest gains in this week ended 18-January, 2019. The Sensex settled at 36,386.61 and the Nifty ended at 10,906.95 in the Weekend. For the week overall, both the Sensex, Nifty gained 1 percent each.

Through the week, earning results has come out with D-Mart, HUL, Cyient, Federal Bank, Reliance, Rallis India, Wipro and L&T InfoTech showed a mixed bag of gains.

Among sectoral constituents, the Nifty metal fell 0.5% and FMCG slid 0.7%. The Nifty Pharma and PSU Bank indices shed 2.4% for the week, while Nifty IT gained substantially for the week, rising 4.1 percent mainly led by Infosys and Wipro.

Among specific stocks Reliance Industries Ltd’s shares rose 7.9% this week after reporting strong quarterly returns on Thursday, followed by Yes bank which gained 7.8% this week.

It major Infosys Ltd’s shares gained 7% this week after its Q3 Shares of the other IT giant Wipro surged 5.3% this week as the company to consider a bonus issue, together with a strong Q3 profits.

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