Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
12,086.70114.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Week 1: These 10 stocks surged up 77% in 2017

Among major gainers, STI India rallied 77 per cent to Rs 19.21 on January 6 from Rs 10.87 on December 30 last year, while Sanwaria Agro jumped 45 per cent.

, ETMarkets.com|
Jan 09, 2017, 11.54 AM IST
0Comments
The 30-share index advanced 132 points, or 0.49 per cent, to 26,759 during the first week of 2017. Likewise, the Nifty index of NSE climbed 58 points, or 0.70 per cent.
The 30-share index advanced 132 points, or 0.49 per cent, to 26,759 during the first week of 2017. Likewise, the Nifty index of NSE climbed 58 points, or 0.70 per cent.
Ten stocks listed on the Bombay Stock Exchange (BSE) surged up to 77 per cent in the first week of 2017, even as the equity benchmarks Sensex and Nifty gained about 0.50 per cent.

Among the major gainers, STI India rallied 77 per cent to Rs 19.21 on January 6 from Rs 10.87 on December 30 last year, while Sanwaria Agro jumped 45 per cent, North Eastern Carrying Corporation 41 per cent, Kilitch Drugs 39 per cent and PG Electro 37 per cent.

Other gainers included Vipul (up 35 per cent), IP Rings (up 33 per cent), Welplace Port (up 32 per cent), Assam Co (30.84 per cent) and Kotharti Ferment (up 30 per cent).

The 30-share index advanced 132 points, or 0.49 per cent, to 26,759 during the first week of 2017. Likewise, the Nifty index of NSE climbed 58 points, or 0.70 per cent.

From here onwards, quarterly earnings from frontline companies like TCS and Infosys will decide the behaviour of the stock market.

Foreign institutional investors remained net sellers during the week, as they offloaded shares worth of Rs 2,307 crore in the five sessions till January 6.

Sunil Subramaniam, Chief Executive Officer of Sundaram Mutual Fund, said: “Expecting a U-term from FIIs in near term is difficult right now because of rise in US interest rate and strengthening dollar.”

On Monday, the benchmark Sensex traded almost flat with 4.90 points gain at 26,764 around 11.40 am, while NSE Nifty was up 3.35 points at 8,247.

Vijay Singhania, Founder-Director, Trade Smart Online, said, “December quarter earnings from blue-chip companies and key macroeconomic data release will be some of the big triggers for the market this week.”

Also Read

Stock market update: 45 stocks hit 52-week lows on NSE

Stock market update: Cement stocks climb; Barak Valley leaps 5%

Stock market update: Sugar stocks surge; Vishwaraj Sugar zooms 10%

Stock market update: 67 stocks hit 52-week lows on NSE

Stock market update: Cement stocks advance; Orient Cement up 2%

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service