Last updated: 23 Jul, 2021 | 01:47 pm
Nifty posted losses for the week as disappointing Q1 earnings and weak global cues weighed. The Nifty started off the week with losses on Monday, tracking weak global cues. Asian stocks declined on Monday, as inflation fears and rising Covid-19 cases dampened sentiments. Nifty continued its decline on Tuesday, as an increase in the cases of delta variants around the world spooked investors. The stock market was closed on Wednesday on account of Bakrid.
Nifty reversed losses and ended higher on Thursday, after bargain hunting emerged following the losses made over Monday and Tuesday. Nifty had lost nearly 1.8% over the first two days of the week. Nifty closed 1.23% higher yesterday.
Nifty closed a volatile session with decent gains on Friday, registering losses of 0.42% for the week.
Top gainers and losers
Here is a quick recap of the market moving developments