WEEKLY EQUITY REVIEW: NIFY FIFTY EXTENDED DECLINE FOR THE SECOND SUCCESSIVE WEEK

Last week, Nifty fifty reported a loss of 2.19%, During this Week, Nifty fifty stayed volatile and closed with negative notes by witnessed a loss of 1.53%. It touched a weekly high of 11706.65 and low of 11399.30. Market ended with higher notes on Monday due to positive cues from global market along with WPI inflation data. Market closed with positive notes on Tuesday due to sharp fall in domestic bond yield. Nifty Fifty closed with small gains on Wednesday due to buying in FMCG, Media and IT stocks along with healthy corporate earnings. Market traded with negative notes on Thursday weighed by global weakness on trade worries and profit booking after a two-day rally. Market ended with negative notes on Friday because of 'Super-rich tax' concerns on FPI, trade war tensions and weak corporate earnings. IT Index was the only gainer with a gain of 1.03% whereas Auto, Metal, Bank, Media, Energy, Pharma, Realty, FMCG Indexes were the losers with a loss of 6.02%, 2.99%,2.72%, 2.23%,1.36%, 1.28%, 1.07%, 0.77% respectively.

TOP STOCKS IN NEWS:

Infosys’s share price up by 7.53% because of the company raised its full-year constant currency revenue guidance to 8.5-10 percent.

Share Price of RBL Bank fell 22.09% in this week as the management guided for deterioration in corporate exposures in coming quarters despite robust Q1 numbers.

DEN Network’s share price Plunged by 19.56% in this week due to mixed Q1 result.

Tata Elaxi fell 17.45% after the company reported around 31 per cent year-on-year (YoY) drop in its net profit at Rs 48.79 crore for the quarter ended June 30, 2019.