The week that was: Magma’s best ever, Neuland’s best in 4 years
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Synopsis
Shares of ITC fell 7 per cent in its weakest weekly performance in recent months as investors were left disappointed by the December quarter earnings.
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Money managers suggested that the strong gains in the market have a long runway ahead, despite signs during the week of some fatigue, due to strong earnings.
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MUMBAI: In the week gone by, benchmark equity indices added to their stellar gains of the previous week as the post-Budget rally on Dalal Street continued. Nifty50 and Sensex added nearly 2 per cent last week.