The stock bulls fought hard and did not let go of control button during week gone by as barometers Sensex and Nifty rose over 1 per cent each.
The start was not on a positive note though, reflecting jitters that came with factory production numbers.
Industrial output growth slipped to a 17-month low of 0.5 per cent in November 2018.
From there on, market participants did not look back as retail inflation eased for third straight month.
CPI print for December read an 18-month low of 2.19 per cent as against 2.33 per cent in November and 5.21 per cent in December 2017.
Trade deficit brought more cheer, which narrowed to 10-month low of $13.08 billion in December as against $14.20 billion a year earlier.
Buying in select heavyweights further kept mood upbeat for week to January 18.The 30-share Sensex gained 376.80 points, or 1.05 per cent, to 36,386.60 during week, while NSE 50-share Nifty added 112 points, or 1.04 per cent, to 10,907.Going into next week, economic data from China and US, corporate earnings, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) would steer trend.The market will also hang on to guidance and management commentary of companies reporting their Q3 results.So, what all stocks and sectors that made news during week Let's get in.
Reliance IndustriesOil-to-telecom giant Reliance Industries (RIL) became first Indian private company to post a quarterly profit of more than Rs 10,000 crore.
The company on Thursday posted an 8.8 per cent increase in its consolidated net profit to Rs 10,251 crore for quarter ended December 2018 compared to Rs 9,420 crore in same quarter last year.
With a rally of 7.89 per cent, Reliance Industries was top gainer in Nifty pack during week gone by.
The scrip jumped to Rs 1,184.90 on January 18, from Rs 1,098.10 on January 11.Sun Pharmaceutical IndustriesShare price of pharmaceutical player tanked 12 per cent during week amid reports of fresh allegations by a whistleblower against company.
However, drugmaker on Friday approached Sebi to look into issues of certain entities and individuals allegedly adopting unfair trade practices prejudicial to company's shareholders.Jet AirwaysShares of aviation player rallied 11 per cent to Rs 281.40, from Rs 253.50, during said window.
The scrip was in news throughout as Chairman Naresh Goyal offered to invest up to Rs 700 crore in airline as well as pledge all his shares on condition that his stake does not fall below 25 per cent.
The offer was in response to strategic partner Etihad reportedly setting strict conditions, including a demand that Goyal should give up control, for infusing funds into crisis-hit carrier.
The airline on Wednesday said it has been working on various cost cutting measures, debt reduction and funding options.
InfosysThe IT major rallied nearly 7 per cent last week after company approved share buyback and raised its revenue growth forecast.
The company on January 11 reported a 30 per cent fall in December quarter net profit on higher expenses even as it approved Rs 8,260-crore share buyback -- second in less than 13 months.
Net profit dropped to Rs 3,610 crore in October-December 2018 from Rs 5,129 crore in same period a year ago.Stocks that rallied up to 17%On BSE 500, shares of KRBL rallied 17 per cent to Rs 381.30, from Rs 325.60, during week in question.
It was followed by Lux Industries (16 per cent), ITI (13.36 per cent), Jet Airways (11 per cent), Coffee Day Enterprises (up 10.47 per cent).
On other hand, Line India, Sun Pharma Advanced Research Company, ICICI Securities, Dish TV and Welspun Corp came off by 12-23 per cent.@fresh 52-week highsApollo Hospitals, Wipro, Axis Bank, Muthoot Finance, Info Edge, Aarti Industries, Torrent Pharma, PVR, Godfrey Phillips, Bata India, Aditya Birla Fashion and Linde India hit their fresh 52-week highs on BSE 500 index.@fresh 52-week lowsAs many as 21 stocks of BSE 500 plumbed their fresh 52-week lows during week.
The list includes stocks such as KPR Mill, Tata Steel, Sheela Foam, Force Motors, Lux Industries, Deepak Fertilisers, Sun Pharmaceutical, Cyient, Lakshmi Machine Works, Ashok Leyland and Nilkamal.Sectoral updateThe BSE IT index led upside, with a gain of 4.43 per cent, during past five trading sessions, followed by Teck (up 3.09 per cent), Oil Gas (up 2.97 per cent), Realty (up 0.75 per cent) and Consumer Durables (up 0.13 per cent).
Telecom, Capital Goods, Healthcare and Power declined more than 1 per cent.Bonus to shareholdersSoftware exporter Wipro on Friday reported 31.8 per cent year-on-year rise in consolidated net profit at Rs 2,544.5 crore for October-December and announced a 1:3 bonus share offer.
Avenue SupermartsShares of D-Mart owner Avenue Supermarts fell 12 per cent during week after its December 2018 quarter earnings failed to impress investors.
The scrip slipped 11.04 per cent to close at Rs 1,395.75 on BSE on January 14.
Avenue Supermarts on January 12 posted 2.1 per cent rise in its net profit at Rs 257 crore for December 2018 quarter.
It had reported a net profit of Rs 252 crore in same quarter a year before.
According to JM Financial, Q3 FY19 turned out to be another disappointing quarter for DMart.
The scrip slipped to Rs 1,380.70 on January 18, from Rs 1569 on January 11.