The 30-share pack Sensex gained 277.41 points or 0.48 per cent to close at 58,129.95. Its broader peer NSE Nifty gained 89.45 points or 0.52 per cent to 17,323.60. Broader markets underperformed, but BSE midcap and smallcap indices ended in the green.
Sensex hit the 58,000 mark for the first time. BSE Sensex gained about 2,000 points, whereas Nifty50 jumped more than 600 points during the week. Investors’ wealth grew by about Rs 10.5 lakh crore during the period.
After a share rise during the week, investors focused on profit taking. However, a few stocks posted decent gains on the back of positive new flow. Shriram City Union led the rally, whereas Zen Tech hit the upper circuit for another day. Investors booked profit in IEX and TD Power Systems.
Here is a look at some of the biggest movers and shakers of Friday’s session:
TOP GAINERS OF THE DAY
Shriram City Union Finance: Chennai-based non-banking finance company was high in demand, rallying 12 per cent to Rs 2,371 as the company eyed total disbursements of Rs 22,000-23,000 crore in the current financial year. Also, the technical set of the stock added to the rally.
Prestige Estates Projects: Mumbai-based realty developer advanced 10 per cent to Rs 422.70 as it acquired a 2.16-acre land parcel in south Mumbai’s Byculla locality for Rs 185 crore as part of its plan to develop more projects in the country’s commercial capital.
Zen Technologies: The defence equipment maker has been much in demand recently on the back of multiple positive developments. The company has bagged an order worth Rs 155 crore from the Indian Air Force. The scrip hit upper circuit and settled 10 per cent higher at Rs 153.75.
Oil and explorations stocks: The shares of the sector were much in demand on the back of positive new flows. Shares of Aban Offshore and Hindustan Oil Exploration gained 10 per cent each to Rs 42.90 and Rs 180.85 respectively.
SH Kelkar and Company: The personal products company zoomed 9 per cent to Rs 164.60 after the company provided a monthly business update. The company bagged an order in the homecare segment from a large global MNC player in the domestic FMCG market.
Zomato: The food delivery firm surged 9 per cent to Rs 149.65 as the company decided to shut down its Singapore and United Kingdom (UK)-based subsidiaries. Both these entities did not have any active business operations and their strike-off would not have any impact on the company’s turnover or revenue.
TOP LOSERS OF THE DAY
TD Power System: The engineering services company tanked 8 per cent to Rs 322.75 as investors booked profit in the company following a sharp rally. The scrip had rallied more than 80 per cent in the last three weeks.
Sanofi India: The pharmaceutical shed 6 per cent to Rs 8,417.30 on back of weak technical setup. The traded volume of the stock jumped multiples times over the daily average.
Adani Power: The utility firm hit lower circuit and settled 5 per cent lower at Rs 103.15 as investors turned cautious over the company and booked profits in the counter.
Alembic: The smallcap pharma player declined 5 per cent to Rs 115.75 as the BSE sought clarification from the company over its rise in volume. The company clarified that there are no other events, information or announcements which may have a bearing on the price/volume behaviour in the scrip.
Indian Energy Exchange: The electric utilities exchange fell 5 per cent to Rs 539.35, thanks to profit booking after a sharp 30 per cent rise in the counter during the last one week. However, the volumes remained quite lower than the average.