WEEKLY EQUITY REVIEW: NIFTY WITNESSED A GAIN OF 1.79% THIS WEEK.

Last week, Nifty fifty reported a loss of 1.98%,During this Week, Nifty fifty closed with positive notes and reported a gain of 1.79%. It touched a high of 11141.75 and low of 10637.15 in this week. Nifty closed with positive notes on Monday after relief measures announced by the government and amid likely talks between US and China over the trade deal. Market traded with positive notes on Tuesday as the RBI decided to transfer Rs 1.76 lakh crore to the government and the positive global cues. Market traded with negative notes on Wednesday due to fear of global recession amid trade tensions and a likely drop in Q1 domestic GDP growth. Market ended with notes on Thursday due to as fears of an impending global recession and worsening US-China trade relations. Firm global cues and expectation of some favourable announcements triggered a strong recovery in the latter half and helped the index to end in green on Friday. All the sectorial indexes were in green this Week. Realty, Pharma, FMCG, Media, Bank, IT, Energy, Metal, Auto Indexes having a gain of 9.26%, 3.75%, 3.54%, 3.11%, 1.74%, 1.23%, 0.67%, 0.50%, 0.30% respectively.

TOP STOCKS IN NEWS:

Oberoi Realty rose 22.15% this week as it has bought around 60 acres of land in Thane, Maharashtra from GlaxoSmithKline Pharmaceuticals for nearly Rs 890 crore.

Zee Media up by 15.25% this week as Zee Media CEO joins TV9 Group as the new CEO.

RBL Plunged 7.13% this week after the management recently indicated that its asset quality could be under pressure in the coming quarters.