These are the stocks that made the biggest moves this week
Indian shares ended higher on Friday, extending gains for a third straight session and starting the January series on a strong footing. Financials led from the front boosted by upbeat sentiment on the Wall Street.
The benchmark BSE Sensex closed up 0.75 percent at 36,076.72, rising 0.94 percent for the week, while the broader NSE Nifty ended 0.74 percent higher at 10,859.9, posting a 0.98 percent weekly gain.
The NSE Nifty gained 3.13 percent this year as of close of the penultimate trading session, while the BSE index risen 5.93 percent during the same period. Both the indexes are on track for a fourth yearly gain in five.
Titan Company Ltd, up 3.95 percent, was the highest percentage gainer on the NSE, while financials, which contributed to over half the index gains, were led by HDFC, which rose 1.6 percent
These are the stocks that made the biggest moves this week:
Adani Ports: The Adani Group company surged over 7 percent, settling nearly a percent higher at Rs 387.40.
Zee Entertainment: Shares gained more than 2 percent in trade to settle at Rs 474.45 on Friday. ZEEL share gained nearly 6 percent this week on value buying.
Indiabulls Housing Finance: The mortgage lender rose nearly 4 percent this week. It surged nearly half a percent today to end at Rs 849.25.
Gail: The Gas Authority of India Ltd's shares spiked 3.26 percent on a weekly basis, but ended mildly lower in the red at Rs 356.30 today.
UPL: Shares ended at Rs 758.40, up by 1.17 percent. This week the stock surged 3.09 percent.
Hero Moto: Shares declined over 6 percent this week and also ended mildly lower, quoting at Rs 3,122.60 at close today. Goldman Sachs has downgraded the stock to 'sell' from 'neutral,' revising its price target to Rs 2,773 from previous Rs 3,175.
Coal India: Shares fell 4 percent intraday today after media reports said 15 miners were trapped in a coal mine of the company in East Jaintia Hills in Meghalaya since December 13. It settled at Rs 242.30, declining over 3 percent at close. This week it dipped 4.13 percent.
BPCL: The public sector downstream company's shares fell 3.4 percent on a weekly basis. It closed at Rs 361.90, down by 0.74 percent at close.
Bajaj Auto: The stock dipped 3.24 percent this week and also slipped by 0.71 percent at Rs 2,717.50.
JSW Steel: The stock lost 3.21 percent this week, but ended with gains today, surging 1.76 percent at Rs 298.10.
Among midcap gainers, Ruchi Soya went up 38 percent this week on reports of Patanjali Ayurved trying to buy debt-laden firm. The Baba Ramdev-promoted firm has reportedly agreed to revise its offer to match the Adani Wilmar's bid, although a clear picture on the status of bidders, particularly latter will come on January 15 hearing at the National Company Law Tribunal.
Other major gainers were Indo Rama, which was up over 19 percent and Palred Tech at 15 percent. Major midcap losers were Arvind Smart, Vakrangee, Au Small Finance Bank, SPARC and InfoEdge, falling by up to 10 percent.
First Published: IST