Markets ended the week with moderate gains on Friday, as benchmark indices slipped gains after international rating agency Moody’s revised India’s rating outlook from stable to negative, citing India’s debt concerns.
For the week, the Nifty frontline index ended with a gain of 0.02-percent. Among the top Nifty gainers, Realty and Financial services were the front-runners during the week, while the Sensex added just 0.4-pc for the week.
NSE benchmark index settled at 11908-mark on Friday, losing more or less 104 points, while the 30-scrip Sensex shed 303 points at 40,324-level.
Indiabulls Housing Finance gained 10.5pc this week, followed by Bharti Infratel up 7.8pc, ICICI Bank, up by 5.88 pc, JSW Steel and Hindalco, up by 5.22 pc each, were the top Nifty gainers this week.
Among top Nifty laggards this week, Titan Company lost 11.15pc after the Tata Group company posted lower-than-expected earnings for the quarter ended Sept. Get Nifty Options Tips by just clicking the link.
Shares in Zee Entertainment slipped 7.11pc this week after the Company has reappointed Puneet Goenka as MD and CEO for another period of 5 years.
Indian Oil Corporation (IOC) GAIL India, UPL, Maruti Suzuki and Hindustan Unilever were other major losers this week on the Nifty.
In the midcap stock, Raymond shares rose over 36pc this week as the company decides to demerge its lifestyle & fashion biz and plans it to list separately.
Max Finance, JB Chemicals and DLF also gained smartly this week. Realty shares gained after union finance minister Nirmala Sitharaman announced steps to strengthen the housing sector. To avail Free Trading Tips go to our official site.