Equity markets ended higher this week, driven by buying in select heavyweight indices and a fiscally prudent Budget. 52 BSE500 stocks gained in double digits, with NBCC as the top gainer. In the midcap segment, Indian Bank, Delhivery, and HPCL rose in double digits. Power Grid topped the Sensex pack. All eyes will be on the RBI s policy meeting next week, with analysts expecting the Central bank to maintain key interest rates. Technical analysis suggests that Nifty may face resistance at 22100-22200 levels.
The BSE 500 index ended 330 points lower on the week-on week basis at 30,669.27 and the market rout was led primarily by banks, IT, FMCG and realty stocks while pharma, auto and infrastructure counters restored some pride.