WEEKLY EQUITY REVIEW: NIFTY FIFTY REGISTERED A GAIN OF 1.79% THIS WEEK.

Last week, Nifty fifty reported a loss of 1.18%,During this Week, Nifty fifty closed with positive notes and reported a gain of 1.79% over previous Friday’s close. Equity market ended with negative notes on Monday due to rise in global crude oil prices . Market trade with negative notes due to a widespread selloff as depreciating rupee and geo-political tensions spooked investor's sentiment on Tuesday. Nifty Fifty ended with positive notes on Wednesday ahead of a widely expected rate cut by the US Federal Reserve. Market ended with negative notes on Thursday after the US Federal Reserve cut interest rates as expected but signalled a higher bar to further policy easing. Nifty closed with positive notes on Friday the frontline indices rallied over 5 per cent after Finance Minister Nirmala Sitharaman announced reduction in corporation tax. Sectorial Indexes like FMCG, Auto, Bank, Metal, Energy Indexes were the gainers with a gain of 4.35%, 3.33%, 3.14%, 2.19%, 0.90% respectively while Media, IT, Realty, Pharma Indexes were the losers with a loss of 3.71%, 1.47%, 1.04%, 0.62% respectively.

TOP STOCKS IN NEWS:

Colgate Palmolive has gained 12.16% this week thanks to the outperform rating by global brokerage house Credit Suisse .

Ashok Leyland’s share price up by 10.28% this week cut in the goods and services tax (GST).

HDFC Bank ‘s share price go down due to share split. HDFC Bank shareholders will now have two shares of face value of Rs.1 each instead of one share of face value of Rs. 2.