Benchmarks eke out slim gains; close lower for the week

April 16, 2021 17:14

The Sensex and Nifty ticked higher for the third session on the trot on Friday but could not wipe off weekly losses amid a resurgence in COVID-19 cases. A strong recovery in the rupee, which zoomed 58 paise, and a bullish trend in global equities supported the bourses on Friday, traders said.

After a choppy session, the 30-share BSE Sensex closed 28.35 points or 0.06 per cent higher at 48,832.03. Similarly, the broader NSE Nifty rose 36.40 points or 0.25 per cent to 14,617.85.

Asian Paints was the top performer among the Sensex components, spurting 3.07 per cent, followed by UltraTech Cement, ONGC, M&M, Sun Pharma, HCL Tech, Tech Mahindra and Nestle India.

On the other hand, ICICI Bank, L&T, Bajaj Finance, TCS, SBI, Infosys and Reliance Industries were among the losers, declining up to1.55 per cent. During the holiday-truncated week, the Sensex sank 759.29 points or 1.53 per cent, while the Nifty tumbled 217 points or 1.46 per cent.

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