Markets Locked – Sensex is up 0.9% while Nifty is up 1.2% this week.

Markets Locked - Sensex advances 09 while Nifty wins 12 for the weekMumbai: Benchmark indices ended a volatile session on October 28 in the green. From the start of the session, all indices witnessed strength, but gave up most of their gains at the end of the session. Sensex rose 203 points to close at 59,959, up 0.3%. Nifty hit 50 points and closed today at 17,786, up 0.3%. For the week, Sensex gained 0.9% while Nifty rose 1.2%. About 1,522 stocks are up, 1,918 stocks are down and 127 stocks are unchanged. 136 stocks hit their 52-week high, while 56 stocks hit their 52-week low. More than 75% of Nifty’s constituents advanced this week, with the biggest winners being JSW Steel and Maruti. Aegis Chemical, Maruti, Narayana Hrudayalaya and Cummins India were among the stocks that hit their 52-week high today. While Nykaa, Birla Soft, Delhivery and NIIT Ltd were a few stocks that hit their 52-week low.

Broader indices underperformed Nifty this week. All sector indices rose this week, with the exception of Nifty Media, Nifty IT and Nifty FMCG Index.

Nifty Bank advanced for the fourth week in a row, closing above 41,000.

Nifty Bank gained ~0.6% this week, while Punjab National and Bank of Baroda were the top weekly winners in the Index

The handy PSU Bank Index was the biggest sector winner this week, up 5%. All components of the index finished in green this week, with Bank of India and Union Bank among the top winners in the Index.

Nifty Auto Index was the second best performing sector, up ~4% for the week. Maruti and Bharat Forge were the weekly top winners in the Nifty Auto Index.

Nifty IT Index broke its four-week gains streak to end at 0.1%. Mphasis and L&T Info were the biggest weekly losers in the industry.

The Nifty FMCG index fell 0.7% this week and was the industry’s biggest loser. The biggest losers in the sector were Hind Unilever and Emami for the week. The Nifty Media Index also ended the week in the red with a ~0.5% loss, falling for the third week in a row. Dish TV and Sun TV were the biggest weekly losers in the Index.

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