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Markets Performance In The Week To February 12: All You Need To Know
Amid weakish sentiment in the Asian market, benchmark indices in India ended the session today largely flat, with a slight drag on the Nifty of as much as 10 pts to 15163. Banking pack however outperformed with gains of 1 percent at the close, while broader markets ended still further weak in comparison to headline indices.
Market performance in the week to February 12, 2021
But on a weekly basis there have been gains to the tune of 1.6 percent on the Nifty. And after a good 11% surge in this month itself, global cues will largely provide direction to the markets.
Top gainers and losers on Sensex and Nifty
ICICI Bank, Infosys, HDFC, and Axis Bank were the top gainers on the Sensex index while Adani Ports, ICICI Bank, Infosys, and Wipro were the top performing stocks on the Nifty. ITC, Sun Pharma, ONGC, and Bharti Airtel were the top drags on both the indices.
Sectoral gainers and losers
Sectorally, banks outperformed, while there was seen maximum drag in the metal and FMCG pack. And despite the consolidation seen currently, analysts are cautiously optimistic on the indices and after a decisive break above 15,250 there would be pave way for 15,500 levels in Nifty. We would remain cautiously optimistic on markets", said Ajit Mishra, VP - Research, Religare Broking Ltd.
Some of the buzzing stocks in today's session were:
HDFC: The housing financier major in Friday's session scaled 1.75% to touch a record high of Rs. 2809 per share and with it entered the club of scrips with m-cap of Rs. 5 trillion.
SBI Cards: This card company also hit a fresh high and entered the pack of scrips having 1 trillion market cap.
JK Cement: During the trade today, the scrip on huge volumes posted gains of 20% to hit fresh record high. The cement sector is seeing a boost after Budget 2021s push for the infrastructure and affordable housing segment.
Adani Enterprises: This scrip also achieved a new feat and now ranks among the country's top 50 most valuable companies.
Aviation stocks also were in limelight after the government raised limit for airfares though the constraint on capacity was still maintained.
Global markets:
Asian markets traded on a muted note on account of Lunar holidays and in the UK there have been reported the record decline in GDP in 2020 of 9.9 percent and there was seen mixed trading in European stocks.
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