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Key benchmark indices rebound after a sluggish start as strong global cues aid recovery


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. ....

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Markets end marginally lower in a volatile week but undertone still remains bullish, say experts


Markets end marginally lower in a volatile week but undertone still remains bullish, say experts
The Nifty50 index started the week on a positive note and traded higher initially for three trading sessions. After that, we witnessed further correction on the account of the weekly expiry and mixed global cues. Finally, the benchmark index settled at 15,689.80 levels with a marginal loss of 0.21 percent while the Bank Nifty ended at 35,071.95 with 0.75 percent gains on a weekly basis.
Sectoral indices like Nifty Realty gained by 6 percent and metal climbed 3 percent whereas, Nifty Auto and PSU bank dragged lower by 2.2 percent on a weekly basis. The top weekly gainers were Bajaj Finserv, Tata Steel, Hindalco and IndusInd Bank those who have supported the index for a week. Tata Motors, Bajaj Auto, TCS and Tech Mahindra were the prime laggards. ....

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