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Weekly market watch – April 15th

Here is the market synopsis for the week closing on April 15th. Here are seven stocks to watch for the next seven days.

Weekly market watch - April 15th

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Monday’s closing advances for domestic benchmark indexes extended their winning streak to six sessions. The S&P BSE Sensex, a gauge of economic health, increased 13.54 points, or 0.02%, to 59,846.51. The Nifty 50 index increased 24.90 points, or 0.14%, to 17,624.05. The Sensex increased for the sixth day in a row while the Nifty increased by about 4%.

The barometer’s readings were like a rollercoaster – shooting up and down with reckless abandon yet managing to maintain a positive trajectory throughout the day. It was the seventh straight successful session. To achieve 60,157.72, the S&P BSE Sensex increased by 311.21 points or 0.52%. The Nifty 50 index also increased by 98.25 points, or 0.56%, to hit 17,722.30. The Sensex has risen by 4.42% throughout seven sessions, while the Nifty has risen by 4.55%.

Encouraged by positive global indications, the domestic equities indexes continued to rise for the ninth straight trading session on Wednesday. The barometer index, the S&P BSE Sensex, increased by 235.05 points, or 0.39%, to end the day at 60,392.77. The Nifty 50 index increased by 90.10 points, or 0.51%, to end the day at 17,812.40. The Sensex rose 4.82% during eight straight days, while the Nifty gained 5.08%.

After a choppy trading day on Thursday, the major market indices finished with modest gains. The S&P BSE Sensex, the gauge index, increased by 38.23 points or 0.06% to 60,431. The Nifty 50 index increased 17.828 points, or 15.60, for a 0.09% gain. The Sensex increased by 4.89% while the Nifty increased by 5.17% during nine sessions.

As it was Dr Baba Saheb Ambedkar Jayanti on Friday, April 14th, the national stock market was closed.

Seven day-seven stocks

• Divi’s Lab: The share price increased after the business announced excellent exports of $92m in March.

• Tata Motors: Share price increased on the automaker’s announcement that global wholesales for Jaguar increased by 8% annually to 3,61,361 units.

•  Infosys: The company’s share price dropped as it revealed an only 8% annual increase in net earnings to Rs 61.28bn.

TCS: Share price dropped as the business announced net earnings that were below estimates at Rs 113.92bn, up 14.8% annually.

•  Titan – The stock price of this Tata subsidiary surged by 1.38% after reporting a 25% year-over-year gross profit.

•  ONGC – This PSU rallied for 5.38% after the board approved the decision to acquire 23.04% of Mangalore SEZ (MSEZ).

Adani Enterprise – After a roller coaster ride for the last 3 months, controversial stock Adani Enterprises surged by 6.68 after they announced the incorporation of wholly owned Pelma Colliaries for their Coal washery business.

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