Indian equity indices had a comparatively better outperformed this week, with the benchmark indices closed the week higher than previous week, despite international markets continued to stress over the Corona virus.
On a weekly basis, the Sensex added 0.3 percent or 115 points while the Nifty gained 0.12 percent, However, Bank Nifty ended 1.10% lower, amid high performance in the corporate earnings.
In the macro front, The WPI-based wholesale inflation for January mounted to 2.76 percent up from 2.59 percent in December fueled by a sharp rise in inflation of petrol/diesel and manufactured items. Likewise, Retail inflation in January rose to a 6-year high to 7.59 percent.
In the teleom space, shares of Vodofone Idea slipped on Friday following Apex court directing tel-companies to pay their AGR amount outstanding by March 17. On the back of this news shares of Vodafone slipped by 22.22 percent. On the other hand, Bharti Airtel come out with gains by 4.38 percent to Rs.563.60-per share for the day. Get the latest weekly stock Option tips and updated Stock tips for tomorrow from here.
Top Nifty Gainers for the week include UPL up by 8.94%, Bharti Airtel up 4.74%, Hindustan Unilever-up by 4.40%, DrReddys up 4.35% and Reliance Industries gained 3.76% for the week.
On the flip side, top weekly losers include IndusInd Bank-down 9.45%, M&M down by 8.10%, Tata Steel lost 7.74% Grasim, down by 5.56% and Coal India slipped over 5.57% for the week.