Indian capital markets continued to soar and break into new territory. Sensex broke into 50k barrier this week which led to hectic profit booking. This resulted in the number of stocks paring their gains.
Nifty top ten this week comprised of stocks from various indices including Nifty50, Nifty100, Nifty250 and Nifty500, which dominated the list with four stocks. Automotive, IT Services and Consumer Goods dominated the list.
Ciyent Ltd (NSE: CIYENT) was the topmost stock with both volume and price momentum. CYIENT witnessed 1422% spike in the traded volumes and delivered 26% price returns. It’s stock price rose to Rs 609 from Rs 485.
There were three automotive in the top ten list, Bajaj Auto and Hero Motocorp, were also the only Nifty50 stocks in the list. Bajaj Auto (NSE: BAJAJ-AUTO) saw spike of 1147% in the traded volume of the stock. BAJAJ-AUTO delivered 16% price returns. Its stock price rose to Rs 4119 from Rs 3547. Hero Motocorp (NSE: HEROMOTOCO) delivered 7% price returns on back of 218% spike in the traded volumes of the stock. It rose to Rs 3377 from Rs3144. TVS Motor Company (NSE: TVSMOTOR) registered 699% spike in the traded volumes of the stock and delivered 5% price returns.
DMart Ltd (NSE: DMART) and Nocil ltd (NSE: NOCIL) both delivered just 3% price returns during the week. DMART stock price rose to Rs 2866 from Rs 2789. NOCIL stock rose to Rs 149.15 from Rs 144.7.
Sanofi India (NSE: SANOFI) and Astral Poly Technik (NSE: ASTRAL) delivered just 2% price returns during the week despite surge in the traded volumes early in the week. VST Industries (NSE: VSTIND) pared all its gains during the week and failed to deliver any price returns. Zensar Technologies (NSE: ZENSARTECH) was the extreme end of CIYENT, ZENSARTECH lost its momentum by the end of the week and delivered just 1% price gains.