The week that was in 10 stocks: PSU banks on a roll, GTPL Hathway zooms 32%

New Delhi: Domestic equity markets ended a volatile week on a negative note, thanks to weak cues from global markets and lack of positive domestic cues. Benchmark indices hit new record peaks before the sharp correction.

Benchmark indices — BSE Sensex and Nifty 50 — shed more than 2 per cent each, whereas BSE midcap and smallcap indices outperformed and ended the week in green.

“This week the power index outperformed the Sensex with a near vertical surge,” Samco Research said in a note. “The persistent coal scarcity, growing plant load factor, and an increase in the average short-term price per kWh on energy exchanges have all contributed to this unprecedented recovery in power stocks.”