The benchmark indices BSE Sensex and the Nifty 50 index clocked impressive gains in the week ended Friday, 1 Sept 2017 on positive global cues. Except sharp losses on Tuesday, 29 August 2017, the two key indices registered modest gains in 4 trading days of the week.
Through the week, a stellar auto sales and cheering August manufacturing data supported investors put behind the unsatisfactory GDP numbers. The benchmark Sensex went up 162 points to end at 31,892.23 as a three-week high, whereas the Nifty closed short of 10,000. Broad market depicted strength. The BSE Mid-Cap index rose 2.84%. The BSE Small-Cap index advanced 3.09%.
Throughout the week following stocks captured attention:
- Software major Infosys rose 0.83% at Rs 920.10.
Wipro advanced 2.49% at Rs 296.80.
Dr Reddy’s surged 6.2% at Rs 2,217.35.
Lupin rose 0.18% at Rs 993.50.
Maruti Suzuki India rose 2.77% at Rs 7,812.70.
Bajaj Auto jumped 6.74% at Rs 2,918.65.
Reliance Industries rose 2.68% at Rs 1,609.35.
L&T rose 0.74% at Rs 1,139.70.
Market week ahead: A slew of companies will be announcing their April-June 2017 quarterly results next week, which include Skipper & Tamilnadu Petro products, Digjam and Indian Hume Pipe, Vaibhav Global and Honda Siel Power Products, Hotel Leela venture & UFO Moviez India.