WEEKLY EQUITY REVIEW: NIFTY FIFTY POSTED MORE THAN 3 PERCENT GAINS IN THIS WEEK

Last week, Nifty fifty reported a Gain of 1.18%, During this Week, Nifty fifty closed with positive notes and reported a gain of 3.16% over previous Friday’s close. Market traded with positive notes on Monday due to gains in major Asian peers. Market stayed in positive territory due to positive global cues along with buying in blue-chip stocks on Tuesday. Nifty Fifty ended with positive notes on Wednesday due to Buying in counters such as Realty, IT and Pharma. Market sentiment was lifted on Thursday by news of the European Union (EU) and the United Kingdom agreeing on a Brexit deal, and back home Finance Minister Nirmala Sitharaman's assurance to international investors that government was working to bring reforms. Market traded with gains on Friday on the hopes of an economic recovery over next few quarters along with positive global sentiment.All the sectorial indexes were in the gainer side. Auto, Realty, Metal, pharma, Energy, Bank, FMCG, Media, IT Indexes were having a gain of 7.76%, 6.27%, 5.09%, 4.53%, 4.34%, 3.84%, 3.57%, 3.25%, 0.58% respectively.

TOP STOCKS IN NEWS:

Hindustan copper surged 29.38% after reports that the government was planning to trim its holding in the PSU.

YES Bank rose 29.06% this week as reports emerged that industrialists Sunil Munjal and Sunil Mittal have expressed interest in buying a stake in the private bank.

Zee Media sunk 19.29% as it missed Street estimates reporting profit at Rs 413 crore for the September quarter.