Sensex ends choppy day 130 points up ahead of inflation data; Nifty below 17700

The volatile day in the markets ended mildly above the flat line on Friday as investors awaited India’s retail inflation data for July. The S&P BSE Sensex gyrated around 425 points, before closing 130 points, or 0.22 per cent, higher at 59,463. The Nifty50 closed at 17,698, up 39 points or 0.22 per cent.

In the broader markets, the BSE MidCap and SmallCap indices closed 0.15 per cent and 0.4 per cent higher, respectively. Among sectors, the Nifty IT and Pharma indices fell 1.15 per cent each, while the Nifty Oil and Gas index rose over 2 per cent.

Stock of the day: Tata Elxsi. Shares of Tata Elxsi hit a new high at Rs 10,150 as they rallied 6.8 per cent on the BSE in Friday’s intra-day trade on the back of a strong growth outlook. Tata Elxsi is a subsidiary of Tata Sons.

Shares of Metro Brands hit a new high of Rs 857 on the NSE. The stock has gained 49 per cent in the past one month on the back of strong Q1 earnings and has rallied 101% from its listing day low on December 22, 2021.

Bharat Forge surges over 7% on stable business outlook post Q1 results. Looking ahead into Q2FY23, the management expects stable performance across both the domestic and export markets despite uncertainty arising from the macro-economic headwinds.

Balaji Speciality Chemicals has filed preliminary with capital markets regulator Sebi to raise funds through an initial public offering (IPO).

Shares of Page Industries hit a 52-week high in morning trade on Friday after the apparel manufacturer reported a multi-fold jump in the first quarter net profit.

Shares of Fineotex Chemicals extended the rally on strong Q1 results as the price zoomed 72% in 2 months. In Q1FY23, Fineotex Chemicals reported 167 per cent YoY growth in EBITDA at Rs 26.20 crore, while margin expanded 381 bps YoY to 19.3 per cent.

Here are some picks from the week gone by.