WEEKLY EQUITY REVIEW: NIFTY FIFTY WAS VOLATILE DURING THE WEEK AND CLOSED WITH MINOR LOSSES OVER PREVIOUS FRIDAY’S CLOSE.

Last week, Nifty fifty reported a gain of 0.66%. During this Week, Nifty fifty closed with negative notes and witnessed a loss of 0.43%. It touched an high of 12,092.20 and low of 11,780.20 in this week. The hope of rate cut and liquidity measures from RBI, strong rally in auto shares has pushed the market on Monday. Market ended with negative notes on Tuesday as investors took profits off the table ahead of a market holiday .Market was closed on Wednesday on the occasion of Id-Ul-Fitr. Market ended with negative notes on Thursday the RBI's Monetary Policy Committee slashed repo rate by 25 bps. Nifty closed with positive notes on Friday strong global cues along with recovery in Bank and IT Sector. Sectorial Indexes like FMCG, Metal, Auto Indexes were the gainers with a gain of 0.41%,0.23%,0.20% respectively whereas IT, Bank, Realty, Energy, Pharma, Media Indexes were the losers with a loss of 0.31%,0.98%, 1.62%,1.99%, 3.26%, 3.29% respectively.

By RAYRC