The week that was in 10 stocks: ICICI Securities, Motilal Oswal, Edelweiss tanked
India’s benchmark equity indices underperformed majority of global counterparts last week except Singapore, Philippines and Japan. According to market experts, weak global cues, record surge in Covid-19 infections world over amid valuation discomfort at home weighed on market sentiment.
The BSE Sensex shed 522 points, or 1.37 per cent, for the week to end at 37,606.89 on July 31 while the NSE Nifty declined 120.70 points, or 1.07 per cent, to 11,073.
At 20.5 times, Niftys 12-month forward PE (…