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Bengaluru, Karnataka
Physical Address
Bengaluru, Karnataka
Let's make informed investment choices
Let's make informed investment choices

The market was very volatile this week. This is an analysis of the top weekly gainers and losers. Pharma stocks have become the new favourites of the market.

This week's market roundup was marked by high volatility due to the FY24-25 budget announcement. The market reaction was mixed, with disappointment over increased capital gains taxes. However, Nifty 50 made a late recovery and rallied on Friday. Notable Q1FY25 results were reported, with positive performance from IT companies. Overall, the market remains buoyant.

As the Full Budget day approaches, the market is euphoric with indices hitting new all-time highs. Nifty 50 closed at 24,502 and BSE Sensex at 80,519 points. In the currently weekly market roundup, top gainers included Modipon, SPA Capital, Skyline Ventures, RSD Finance, and Mahaan Foods. Shipping stocks saw a positive trend, and IT software companies gained favor after TCS's Q1FY25 results.

Weekly market roundup for week ending 5th July 2024. The week was quite good for the investors in the market. The performance was broad-based. Engineering and Electrical Equipment stocks had a very good week. Most of the IT stocks were in green. Markets look skeptical on the Adani stocks.