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Top stocks that trended this week: Reliance Industries, L&T top gainers; Titan, Yes Bank, Infosys top losers
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Top stocks that trended this week: Reliance Industries, L&T top gainers; Titan, Yes Bank, Infosys top losers
Aug 24, 2018 8:08 AM

Equity indices ended lower, snapping four day gaining streak on profit-booking across sectors, primarily financials and bank stocks. Metal and media stocks batted for the bulls.

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NSE

The BSE Sensex ended lower by nearly 85 points or 0.22 percent, to settle at 38,251.80, while the NSE Nifty 50 closed over 25 points lower or 0.22 percent, to end at 11,557.

For the week, the Sensex and the Nifty gained 0.8 percent, while the Nifty MidCap index surged by a percent for the week. The Nifty Bank slipped lower by a percent for the week.

Here are the top stocks that trended in the week:

L&T: The construction and engineering conglomerate company ended as the top gainer for the week, rising 8.29 percent. Shares ended lower by 0.67 percent to Rs 1,343, after touching an intraday high of Rs 1,363 on Friday.

ONGC: Shares of the public sector oil and gas major surged 7.18 percent for the week. It ended 1.57 percent higher to close at Rs 174.60.

Reliance Industries: Mukesh Ambani-led oil-to-telecom conglomerate ended with 6.13 percent gains this week and settled at Rs 1,277, up by 0.59 percent, after hitting 52-week high of Rs 1,279.95 in intraday trade. The index heavyweight stock benefited from Reliance Jio increasing subscribers against rival Bharti Airtel. The company also became the first Indian firm to cross Rs 8 lakh crore market cap on Thursday.

UPL: Shares ended higher by nearly six percent on weekly basis. On Friday, it ended at Rs 654.50, higher by 0.70 percent.

Tech Mahindra: Profit-booking in IT shares hit TechM on Friday with shares closing at Rs 717.70, lower by 0.23 percent, but the Mahindra Group IT firm surged higher by 4.49 percent for the week.

Titan: Shares declined the highest nearly six percent for the week. Titan shares ended 2.91 percent lower at Rs 885.40 on Friday.

BPCL: Volatility in crude prices impacted the state-owned oil marketing company, with shares declining 5.47 percent this week. BPCL shares ended flat at Rs 357.75.

Yes Bank: The private sector lender's shares dipped by 4.83 percent for the week and closed lower on Friday as well, dipping 3.74 percent, to settle at Rs 374.05, losing Rs 14.55 in value.

Infosys: Shares settled at Rs 1,379.35, down by 1.29 percent at close. The Bengaluru-based IT services firm also lost 3.64 percent this week in share value after reports of the exit of chief financial officer MD Ranganath.

IOC: Another state-owned oil marketing company hit by crude prices volatility, dipping 3.32 percent this week, but shares were up 0.72 percent to close at Rs 154.50 on Friday.

Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.

First Published:Aug 24, 2018 5:08 PM IST

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