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1 / 11The Indian stock market fell for the second consecutive week, dropping over 3% in the past two weeks. Both Sensex and Nifty fell by 1% each, while the Nifty Bank dropped 0.4%. The Midcap Index remained largely unchanged. Additionally, three of the top five Nifty losers this week were IT stocks. Here’s a look at the top gainers and losers in the Nifty index this week:
2 / 11GAINERS: Hindalco | Hindalco Industries Ltd., the Aditya Birla Group company, emerged as the top Nifty gainer this week, with its shares rising by 7.41%. On Friday, the stock ended 2.39% higher at ₹617.
3 / 11NTPC | NTPC, the state-run power giant, saw its shares rise by 5.81% this week. On Friday, the stock ended 0.15% higher, closing at ₹326.
4 / 11HDFC Life Insurance | Shares of HDFC Life reported a 5.51% gain this week. On Friday, the stock closed 0.24% higher at ₹643.
5 / 11Coal India | Coal India saw a 5.20% increase in its stock price this week. On Friday, the stock closed 2.52% higher at ₹388.40.
6 / 11Reliance Industries | Shares of Reliance Industries, the Nifty 50 heavyweight and Mukesh Ambani’s oil-to-telecom-to-retail conglomerate, rose by over 4.87% this week. It was also the highest gainer on Friday, with the stock closing 2.83% higher at ₹1,302.35.
7 / 11LOSERS: HCLTech | IT company HCLTech emerged as the top Nifty loser this week, with its shares falling 10.34% this week. On Friday, the stock closed 0.16% lower at ₹1,789.
8 / 11Infosys | Shares of Infosys, the largest IT company by market capitalisation, faced a 7.70% decline this week. It was also the biggest loser on Friday, with the stock ending 5.86% lower, closing at ₹1,815.45.
9 / 11Wipro | Wipro saw a 6.19% decline in its stock price this week. On Friday, the stock closed 2.20% lower at ₹281.70.
10 / 11Mahindra & Mahindra | Shares of Mahindra & Mahindra (M&M) saw a decline of 5.67% this week. On Friday, the stock closed 1.95% lower at ₹2,922.35.
11 / 11Trent | Trent Ltd, a Tata Group company, was one of the top Nifty losers this week, with its shares dropping by 5.58%. On Friday, the stock closed 0.15% lower at ₹6,202.20.
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