WEEKLY EQUITY REVIEW: NIFTY FIFTY CLOSED HIGHER THIS WEEK AND REGISTERED A GAIN OF 1.17%.

Last week, Nifty fifty reported a loss of 1.18%, During this Week, Nifty fifty closed with positive notes and reported a gain of 1.17% over previous Friday’s close. Nifty Fifty ended with a negative note on Monday as concerns over weak economic growth weighed on investor sentiment. Market closed on Tuesday on account of Dussehra. Nifty closed with positive notes on Wednesday as investor sentiment got a booster dose after the government announced a 5 percent hike in dearness allowance. Market ended with negative notes on Thursday as investors took money off the table after the healthy gains in the previous session ahead of key earnings. Nifty ended in green on Friday as optimism for a US-China trade truce grew stronger while investors also cheered Brexit-related developments. Sectorial Indexes like Metal, Bank, FMCG Indexes were the gainers with a gain of 1.74%, 1.12%,0.29% respectively while Pharma, Realty, Auto, IT, Energy, Media Indexes were the losers with a loss of 1.60%, 0.34%, 0.19%, 0.12%, 0.09%, 0.04% respectively.

TOP STOCKS IN NEWS:

India bulls real-estate gained 8.50% this week as the company announced a buyback of up to 5 crore shares at Rs 100 each, which could cost the company up to Rs 500 crore.

Britannia gained 8.47% as the company to report net profit at Rs. 385.1 crore up 27.1% year-on-year.

Zee Media fell 24.32% this week as the company dropped the MRP of six of its GECs – Zee TV, Zee Marathi, Zee Bangla, Zee Telugu, Zee Kannada and Zee Sarthak — to Rs 12 per month for every individual channel as part of a ‘Festive Bonanza Offer’.

Auro Pharma plunged 22.95% this week after the U.S. Food and Drug Administration flagged lack of good manufacturing practices at the drugmaker’s plant in Telangana—a move that may cause disruption in supplies and delay in future approvals.