Nifty Realty, S&P BSE SME IPO top performers on NSE, BSE in holiday-shortened week

The domestic stock markets were fully operational for just three days this week, besides one-hour customary 'Muhurat Trading' on the occasion of Diwali on November 4, 2021. The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) opened for a one-hour trading session on Thursday and closed with gains.

The benchmark indices, Nifty50 and S&P BSE 500, gained 0.49% each. Former closed with gains of 87.60 at 17,916.80, while the latter closed at 60,067.62, up 295.70 on Thursday. On Friday, exchanges remained closed on account of Diwali Balipratipada.  

Meanwhile, the broader markets also ended on a positive note as the BSE Midcap index rose 0.7 per cent at 25,992, and the Smallcap index added 1.4 per cent to 28,901. The 12-share banking index Nifty Bank gained 171.65 (0.44%) points to 39,573.70.  

The one-hour Diwali trading saw auto stocks surging the most amid the government slashing excise duty on petrol and diesel by Rs 5 and Rs 10, respectively. Eicher Motors, Mahindra & Mahindra, and Bajaj Auto gained between 1.67% to 5.87% on the Nifty50. At the same time, Hindalco, Asian Paints, and ICICI Bank slipped the most.  

Meanwhile, the Nifty and the Sensex closed flat with gains of 0.3% and 0.1%, respectively, for the week ended November 4, 2021, as per data with Stock Edge, an app to analyse the NSE and BSE data.  

Among the indices on the NSE and the BSE, the Nifty Realty topped the chart on the former, while the S&P BSE SME IPO led the latter with 10.4% and 15.5%, respectively,in the last 5 trading sessions.  

The Nifty PSU Bank and the Nifty Media were the other two indices to follow the Nifty Realty index as three top gainers on the National Stock Exchange (NSE).  The PSU bank stock index gained 6.0% or 168 points and the Media index clocked a return of 4.6% or 103 points in the week cut-short by holidays, Stock Edge data showed.  

Similarly, on the BSE, ably aided by the strong action in the primary market, the S&P BSE SME IPO gained 15.5% or 1080 points. Within a span of 10 days, at least the initial public offers of 6 IPOs closed and three IPOs have queued up to open in the next week. The three companies that will see making fundraising through IPOs next week are – One97 Communications, owner of Paytm; Sapphire Foods India, which operates KFC and Pizza Hut outlets; and Latent View Analytics.

These companies are set to launch their initial share sales to collectively mop up about Rs 21,000 crore. The three-day IPOs of Paytm, Sapphire Foods India, and Latent View Analytics are scheduled to open on November 8, November 9, and November 10, respectively.

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The S&P BSE Realty, the S&P BSE Capital Goods, the S&P BSE Industrials, the S&P BSE Consumer Discretionary Goods & Services, and the S&P BSE Infra were other gainers on the BSE in the last 5 trading sessions. These indices got stronger by 10.1%, 4.6%, 4%, 3.5% and 3.1%, respectively, as per Stock Edge.  
 

(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)