Markets weekly wrap-up: Cipla, Lupin top Nifty losers

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The benchmark indices NSE Nifty ad BSE Sensex hit all time high’s during Friday’s trading sessions, despite of consolidation in the morning hours, mainly attributed to the cross-border tension.

The Sensex shad rallied nearly 17%, whereas the Nifty50 index has soared over 17% so far in 2017.

On a weekly basis, the Sensex has gained 1.4% and the Nifty has clocked gains of 1.6% till the week ended on Friday May 26, 2017.

Some leading analyst estimate that the Sensex will move toward 1,00,000, while the Nifty will head towards 22000 to 38000 in the next 5-7 years.

On the Sectoral front, the Nifty FMCG has gained 1.10%, mainly due to the announcement of the GST council rates. Whereas the broader market indices, Nifty Midcap was down 0.1%, BSE Midcap has gained 0.2% and the BSE Small cap has gained 0.2% till Friday, on a weekly basis.
Company Name (Nifty Losers) Returns from May 22 to May 26, 2017 (%)
Cipla Ltd.                                                  -13.18
Lupin Ltd.                                                  -12.12
Sun Pharmaceutical Industries Ltd.          -11.33
Dr. Reddys Laboratories Ltd.                     -7.45
Aurobindo Pharma Ltd.                                  -7.42
Bharti Infratel Ltd.                                      -4.64
Bajaj Auto Ltd.                                              -3.43
Ultratech Cement Ltd.                                    -2.70
Coal India Ltd.                                          -2.04
State Bank of India                                          -1.99

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