On a weekly basis, BSE increased by Sensex and Nifty 50 by 1.5 percent each, while BSE indices for medium and small equities rose by 1 percent and 3 percent, respectively.
Among the BSE indices, the energy and reality sectors rose by 5 per cent each, while the IT index exceeded 4 per cent. The electricity and utilities index led the losers with a 4-5 percent drop, followed by a 2 percent drop in health care stocks.
Vinod Nair, head of research at, said that after the gap opened, national indices struggled but managed to maintain the rise. Two factors before the collapse were the decline in FIIs sales due to good income in the United States and the maintenance of domestic inflows.
“High-frequency data such as the GST collection and PMI have shown a good start to FY23. Rising crude oil prices, GDP data and FII sales, and upcoming central bank meetings were other factors driving the market this week,” he added.
However, more than 335 strains of BSE 500 settled in green, while others settled in red. More than 30 shares rose in the range of 10-28 percent, but only five of them fell in double digits.
Good results for (28 percent up), (23 percent up) and 3M India (21 percent up) pushed the counter higher. However, the results for the period ending March 2022 are now complete.
Mumbai is a real estate player
was among those who rose the most as the counter rose by more than 23 per cent to Rs 1090.6, thanks to a tumultuous attitude towards the sectors and the company.
According to property consultant Knight Frank India, property listings in the Mumbai area increased by 78 percent year-on-year to 9,523 units in May.
Jefferies has decided to introduce real estate maker Macrotech Developers for India Long Only, according to Christopher Wood, Global Head of Equity Strategy at Jefferies.
& Industries also rose up to 22 percent to Rs 886.8 from Rs 727.1 in the week ending June 3, 2022 after the company went back to black in the March 2022 quarter.
The securities company B&K securities has kept its purchase price on the table with a target price of Rs 1,108, while another securities company Uljk Institutional Research has a purchase price with an estimated price of Rs 1,245 on shares.
Route Mobile,, Zomato,,, Oil India, and jumps between 15-18 percent each.
Aether Industries, Dalalstræti’s latest debut, debuted on Friday 3 June at a premium of 10 percent over its issue price of Rs 642. The specialty company ended its first meeting with a profit of 21 percent at Rs 776.75 at Rs. BSE.
Other debates failed to boost investor sentiment as Ethos’s premium watch sales fell 15 percent from its 878 rupee issue price, while eMudhra, India’s largest certification authority, is trading close to its 256 rupee issue price.
Among the losers, Hikal was at the top of the list as the pharmaceutical company fell by 23 percent to Rs 292.8 percent. The drug maker reached a new 52-week low after a disappointing performance in March 2022.
Gautam Adanis’ three opponents were among the top five to lose this week.
(14 percent decrease), Adani Power (13 percent decrease), (11 percent decrease) damaged investor wealth.
Some equities that are part of billionaire Gautam Adani’s conglomerate were hit by investors’ changes in their assets to reflect changes in the composition and weighting of the MSCI Indian Index.
Following a sharp decline in the wealth of an Ahmedabad industrialist, Mukesh Ambani has overtaken Gautam Adani to reclaim the richest man in Asia and India as
Shares rose by almost 8 percent during the week. was the second loser with a 14 percent decrease despite good results in the quarter of March 2021 as the company’s equalization share issue was listed this week and the company’s share capital diluted.
Yesha Shah, head of equities research at Samco Securities, said inflation was the key issue at the center of all discussions next week, where China and the United States’ inflation figures will be released.
“For the domestic market, the outcome of the RBI MPC meeting will be important. Market participants will try to read between the lines of the RBI’s monetary policy and the street expects a 35-50 basis point repurchase rate increase this time,” she added.
(Disclaimer: The opinions, suggestions, opinions and opinions of the experts are their own. This does not represent the views of the Economic Times)
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