WEEKLY EQUITY REVIEW: NIFTY50 WAS DOWN BY 0.56 PERCENT THIS WEEK

Last week ,Nifty fifty reported a gain of 1.02%,During this Week, Nifty fifty closed with negative notes and witnessed a loss of 0.56%. It touched an high of 11,145.90 and low of 10,901.60 in this week. The equity markets were closed on Monday on account of Eid al-Adha. Market settled with negative notes on Tuesday due to concerns over the US-China trade war, protests in Hong Kong and Argentina crash. Nifty closed with positive notes on Wednesday tracking positive cues from other Asian markets after the US delayed tariffs on some Chinese imports. The equity markets were closed on Thursday on account of Independence Day. Market ended with positive notes on Friday supported by auto and banking shares. Sectorial Indexes like Energy, Media, Metal Were in the gainer side with a gain of 3.10%, 1.44%, 0.17% respectively while Pharma, IT, Auto, FMCG, Bank, Realty were the losers with a loss of 3.03%, 2.88%, 1.95%, 1.41%, 0.76%, 0.21% respectively.

TOP STOCKS IN NEWS:

Hathway Cable & Datacom surged 23.86% after Reliance Industries announced roll out of its set top box (STB), backed by Reliance Jio, and Jio GigaFiber which would provide ‘Jio First Day, First Show’ to Jio customers.

DEN Networks rose 10.37% as Reliance Industries unveiled plans to launch high-speed internet services in India, in tie-up with Microsoft.

Glenmark plunged 15.33% as the company posted a 53% drop in June quarter profit to Rs 109 crore ($15.37 mn) against Rs 233 crore in the corresponding quarter last year, impacted due to moderate performance in the US and subdued performance in Latin America.

Share price of Divi’s Lab dropped 10.06% this week due to muted Q1 results.