Indian Stocks closed the week 1% higher with the Sensex and the Nifty hitting record-high levels during the week.
Indiabulls Housing Finance, Bharti-Infratel, IndusInd Bank, UPL Ltd, Yes Bank, and Tata Steel were the top weekly gainers this week, up between 5 and 22%.
On the other hand, Zee Entertainment, Larsen&Toubro, Mahindra&Mahindra, Power Grid Corporation, Wipro and Cipla were the top losers for the week, Nifty50 index, lower between 2 to 18%.
In the weekend Friday, the stocks closed lower led by Banking, metal and auto stocks before the govt released the second-quarter GDP. The GDP data was announced post market hours.
Looking at the Nifty sectoral gauges for this week, the Metal and Nifty PSU Bank advanced more ~4% each. Sequentially, the Nifty Bank, Realty and Pharma rose by 2.7, 2.2 and 1.5% respectively, while on the downside the Nifty Media lost 7.3% this week. Get the best stock Tips the experts. For Free stock tips visit our website.