On a weekly basis, Nifty50 and Sensex ended 1.34% and 1.16% lower, respectively. Nifty50 and Sensex ended Friday’s session at 17,094.35 and 57,426.92, up 1.64% and 1.8%, respectively, from Thursday’s close. However, the indices regained some momentum on Friday on the back of positive commentary by the Reserve Bank of India (RBI) Governor Shaktikanta Das on the country’s economy, despite a 50 basis points (bps) hike in repo rate.
The broader market started on a turbulent note, with the benchmark indices NSE Nifty50 and BSE Sensex falling at the start of the week. The stock gained significantly after the geotech startup announced a partnership with the Delhi government as part of the latter’s push for setting up EV infrastructure in the state. MapmyIndia was the biggest gainer this week as its shares rose 4.2%, ending Friday’s session at INR 1,397.7 on the BSE. On the other hand, MapmyIndia, Zomato, and IndiaMart InterMESH were the only gainers this week.
Meanwhile, at least four stocks, including Paytm and Fino Payments bank, fell between 4%-9% this week. The fall in the share price followed the Tamil Nadu government’s approval of an Ordinance banning online gaming in the state.
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