Stock market weekly roundup: Sensex gains 1 2% as auto, banking stocks aid rally
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Stock market weekly roundup: After a splendid rally, investors trade with caution on tepid global cues
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Key benchmark indices rebound after a sluggish start as strong global cues aid recovery
The benchmark index showed further correction initially in the first two trading sessions and made a low at 15,578.55. Post-that, a bull came into action, and further recovery in the index was witnessed. It recovered more than 250 points from the weekly low and settled at 15,850.40 levels on the Friday session while Bank Nifty ended the week at 35,034.40 levels.
Sectoral indices like Nifty Auto, PSU Bank and Media were the top weekly laggards, whereas Nifty IT and FMCG were the prime gainers on a weekly basis. Despite that volatile momentum, a few stocks like Bharti Airtel, Ultra Cements, Wipro, and Asian Paints were the weekly gainers. IndusInd Bank, HDFC Bank and Tata Motors were the top laggards for a week.