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WEEKLY EQUITY REVIEW: NIFTY FIFTY REMAINED UNDER PRESSURE THROUGHOUT THE WEEK.

Last week ,Nifty fifty reported a gain of 2.11%,During this Week, Nifty fifty closed with negative notes and witnessed a loss of 2.93%. It touched an high of 11593.60 and low of 11158.35 in this week. Market closed with losses on Monday amid lack of fresh triggers at home and mixed global cues, while Rupee's slide against the US dollar weighed on sentiment. Market trade with negative notes on Tuesday amid sell-off in banking & financials. Markets were closed on Wednesday on Account of Mahatma Gandhi Jayanti. Market ended with negative notes on Thursday due to as investors await the outcome of the country's central bank's policy meet. Market ended with negative notes on Friday after the Reserve Bank of India (RBI) slashed the repo rate by 25 basis points to 5.15 per cent. Sectorial Indexes like Energy, IT Were in the gainer side with a gain of 20.92%, 0.68% respectively while Bank, Media, Metal, Realty, Pharma, FMCG, Auto were the losers with a loss of 7.18%, 7.10%, 6.39%, 5.18%,3.88%, 2.25%, 1.98% respectively.

TOP STOCKS IN NEWS:

BPCL gained 10.10% this week after reports emerged that the government was planning to sell its stake in the company.

Biocon surged 5.70% this week due to the launch of their insulin biosimilar Semglee, indicated for the treatment of diabetes, in Australia.

India bulls real-estate Plunged 21.34% after news report suggested that the Delhi High Court admitted petitions to probe India bulls Housing.

RBL Bank fell 16.49% this week as its exposure to the Indiabulls Group stands between 0.25 percent and 0.5 percent of its total loan book.



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