WEEKLY EQUITY REVIEW: THE WEEK SAW MAJOR SELL-OFF IN DOMESTIC MARKETS

Last week, Nifty fifty reported a loss of 0.56%,During this Week , Nifty fifty closed with negative notes and witnessed a loss of 1.98%. It touched high of 11,146.90 and low of 10,637.15.Nifty closed with slight positive notes on Monday after hopes of a revival package from the government . Market ended with negative notes on Tuesday as investors kept awaiting government's clarity on reports of a corporate tax rate cut. Market closed with negative notes on Wednesday due to mixed global cues. Nifty extended the losses on Thursday after CEA dashed hopes for stimulus measures. Market ended with positive notes on hopes of stimulus package from government on Friday. Sectorial Indexes like IT ,Pharma Were in the gainer side with a gain of 2.94%, 1.25% respectively while Realty, Metal, Bank, FMCG, Energy, Auto, Media were the losers with a loss of 7.75%, 5.10%, 4.46%, 2.19%, 2.11%, 0.14%,0.12% respectively.

TOP STOCKS IN NEWS:

DEN Networks rose 41.21% this week after the announcement of Reliance's plan of rolling out fiber broadband service.

HATHWAY’s share price climbed 38.52% as the company introduces 100Mbps broadband plan for Rs 699.

YES Bank fell 24.27% this week as irregularities and unauthorised transactions at CG Power and Industrial Solution came to light. YES Bank holds 12.8 per cent stake in CG Power.

NMDC fell 21.79% after Karnataka government withdrew the approval to extend the mining lease.