WEEKLY EQUITY REVIEW: NIFTY FIFTY REPORTED A WEEKLY GAIN OF 3.83% AFTER THE VICTORTY OF NARENDRA MODI.

Last week, Nifty Fifty closed with Positive notes and gained around 1.13%.During this week, Nifty Fifty witnessed a weekly gain of 3.83% over last Friday’s close. Market ended with highly positive notes on Monday because of the exit polls which clearly indicated Modi-led NDA to make a thumping return to power . Market ended with negative notes on Tuesday as exit polls euphoria fades. Nifty Fifty closed with small gains on Wednesday driven by gains in banking and auto stocks ahead of the general election results. Nifty Fifty ended with a negative note on Thursday as they wiped out all its intraday gains after hitting record highs in the morning trade. Market ended with positive note on Friday as investors were buoyed with optimism after the Narendra Modi-led government was re-elected for a second term. Sectorial Indexes like Realty,Bank, Energy, Auto, Metal, Pharma, Media, FMCG were the weekly gainers with a gain of 10.91%, 5.98%,4.69%,4.63%, 3.46%, 1.89%, 1.39%, 0.01% respectively whereas IT Index was the only loser of this week with a loss of 1.73%.

TOP STOCKS IN NEWS:

Indiabulls real-estate surged 25.20% in this Week as The company has decided to focus only on Mumbai and NCR markets, and hence has decided to divest Century Limited, the parent company that houses Hanover Square property, London.

Eros Media witnessed a weekly gain of 20.66% as the company reported a healthy financial performance in Q4FY19.