WEEKLY EQUITY REVIEW: NIFTY STAYED VOLATILE AND ENDED THE WEEK WITH POSITIVE NOTES

Last week, Nifty fifty reported a loss of 0.70%,During this Week, Nifty fifty closed with positive notes and reported a gain of 1.18% over previous Friday’s close. It touched a high of 11,084.45 and low of 10,867.45 in this week. Nifty closed with positive notes on Monday because of domestic macroeconomic data and global cues. On Tuesday, the equity markets were closed on account of Muharram. Nifty fifty ended with positive notes on Wednesday because of easing Sino-US tensions along with the hopes of further stimulus by the government and GST rate cut on auto. Market ended with negative notes on Thursday due to the macroeconomic data in early trade . Subdued inflation kept hopes alive for rate cut and positive vibes to support the auto sector lifted the markets on Friday. Sectorial Indexes like Realty, Metal, Auto, Bank, Energy, Media Indexes were the gainers with a gain of 5.43%, 3.66%, 3.63%, 3.12%, 0.93%, 0.59% respectively while IT, Pharma, FMCG Indexes were the losers with a loss of 1.94%, 0.44%, 0.20% respectively.

SECTORS:

Realty Index gained 5.43% as investors took hope from consolidation and government initiatives. Shares of Godrej Properties, DLF, Oberoi Realty, Mahindra Lifespace were up by 8.16%, 7.16%, 5.19%, 4.13% respectively.

The auto sector got a booster shot after media reports suggested that the finance minister Nirmala Sitharaman hinted at more steps to help the auto companies.