Share Market This Week, The rise in the Indian stock markets that had been going on for 4 consecutive weeks came to a halt. Due to sharp profit booking in the last two days, Sensex and Nifty closed in the red this week. Although public sector banks (PSU Banks) showed strength and performed better than other sectors.
This week’s business performance
NSE’s Nifty-50 index this week 0.3% Fallen and closed at the level of 25,722. At the same time, BSE Sensex also fell by 0.3% and remained at the level of 83,939. Despite gains in the initial days of the week, sharp profit-booking was seen in the last two days. Due to this, the Nifty index fell by more than 450 points in these two days.
PSU shine of banks
decline in other sectors
40 out of 50 stocks included in Nifty closed in the red on Friday. The biggest decline was seen in pharma, IT and financial sectors. Eternal Health Shares fell 3%, Max Healthcare There was a decline of 3%. Cipla by FY26 Margin outlook cut for 2017, causing shares to fall 2%. Mphasis 5% fell while Bandhan Bank 8% fell, which put pressure on the banking index.
strong performing stocks
However on the other hand Bharat Electronics (BEL) Shares of Inc. jumped 4% as the company reported better-than-expected September quarter results. Shriram Finance gains 2%, new fluorine 15% sprung up, the company FY26 Raised revenue guidance for. Strides Pharma Shares rose 9% on strong margin improvement.
market sentiment
NSE advance of,decline ratio 2:3 That is, the falling shares were more than the rising ones. This is a sign of weakening investor sentiment.
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