Markets this week continued to remain tepid amid weak global cues after the 25 bps hike rate hike by the US Federal Reserve. The Indian equity benchmark indices Sensex and Nifty posted the third straight week, down 1% each. The Sensex on Friday closed lower by 398 points or 0.7% at 57,527, while the Nifty declined 0.7% to end at 16,945.
34 out of the 50 stocks in the Nifty ended the week in the red, with Adani Enterprises, Adani Ports, Coal India, HCL Tech being the top losers this week. On the flipside, HDFC Life, SBI Life and ICICI Bank were the top gainers this week.
Top Stocks This Week:
Adani Green Energy: Shares of Adani Green Energy were among the top gainers in the list of top 100 stocks, up 26% this week, ending the week at Rs 1,029.
Adani Total Gas: Shares of Adani Total Gas surged 12.2% this week and ended the week higher at Rs 1,007.
Adani Trans: Shares of Adani Transmission gained more than 10% this week despite volatility in the markets. Adani Transmission shares ended the week higher at Rs 1,124.
Paytm: Shares of Paytm surged a little over 7% this week even when tech stocks around the world had a tough run amid the ongoing crisis. Paytm’s shares surged 7.17% this week to end at Rs 619.
HDFC Life/SBI Life: Shares life insurers HDFC Life and SBI Life gained over 4% and 3% respectively this week, even when other frontline stocks continued to remain under pressure. Experts feel that the amendments to the Debt MFs will become marginally positive for insurers.