share market this week, Diwali in share market; Share market this week highlights nifty ends samvat 2078 above 17550, sensex past 59300
Who loses, who benefits
Despite a dip in global markets amid trading volatility, markets remained bullish on Thursday on strong financial results from companies and multi-session buying by foreign institutional investors (FIIs). Axis Bank, Kotak Mahindra Bank, ICICI Bank, HUL and SBI Life Insurance were the top gainers on the Nifty in Friday’s trade. On the other hand, Bajaj Finance, Bajaj Finserv, Divis Labs, Adani Ports and UPL were the top losers in the Nifty.
Earnings of investors during the week
The market cap of companies listed on BSE (Bombay Stock Exchange) was Rs 2,71,74,757.21 crore as on October 17, which has increased by Rs 4.79 lakh crore to Rs 2,76,54,467 crore so far.
Axis Bank rose 9.03 percent to close at Rs 900.40 in Friday’s trading session. Similarly, shares of Kotak Mahindra Bank gained 2.10 percent, ICICI Bank gained 2.08 percent, HUL gained 2.04 percent, SBI Life Insurance gained 1.91 percent, Apollo Hospitals gained 1.54 percent.
Silver of Axis Bank shareholders
The 30-share BSE Sensex closed up 104.25 points, or 0.18 per cent, at 59,307.15 after sharp selling in afternoon trade. Among the Sensex companies, Axis Bank’s share rose the most by 8.96 percent.
How was the international market?
In other Asian markets, South Korea’s Kospi, Hong Kong’s Hang Seng and Japan’s Nikkei fell, while China’s Shanghai Composite Index closed higher. Major markets in Europe were lower in early trade. The US stock market closed down on Wall Street on Thursday. Meanwhile, international oil benchmark Brent crude fell 0.37 percent to $92.02 a barrel.