Last week, Nifty fifty witnessed a gain of 3.72%. During this Week, Domestic equity market stayed volatile and ended the week with a gain of 1.09% over last week’s close. Domestic Equity Market was closed on Monday on the occasion of “Diwali-Balipratipada”. Domestic Equity Market ended higher on Tuesday led by buying in financial counters along with the news of another promising coronavirus vaccine lifted hopes. Domestic Equity Market ended higher on Wednesday led by heavy buying in the auto and financial segment. Domestic Equity Market slipped over 1% on Thursday as widening COVID-19 restrictions weighed on market sentiment. Domestic Equity Market ended with gains on Friday tracking gains in financials counters. IT and FMCG stocks also contributed to the gains. Sectoral Indexes like Auto, Realty, Metal, Bank, FMCG, Energy Indexes were the gainers with a gain of 4.52%, 3.93%, 3.50%, 2.71%, 0.74%, 0.57% respectively while Pharma, Media, IT Indexes were the losers with a loss of 1.70%, 1.02%, 0.13% respectively.
TOP STOCKS IN NEWS:
Tata Motors jumped over 15% on weekly basis as the company announced achieving the milestone of four million passenger vehicles on Indian roads , showcased a journey through the past decades in a special video narrated by Bollywood actor Anupam Kher.
Shares of Mahindra & Mahindra moved over 13% as Mahindra & Mahindra is planning to list 10 of its units in the next 2-7 years as it looks to increase shareholders’ return on equity.
Reliance plunged nearly 5% as Reliance Retail Ventures Ltd. has completed the “largest fund raise exercise in the sector” by raising Rs 47,265 crore from global private equity funds for a 10.09 per cent stake, valuing the company at more than Rs 4.2 lakh crore.
Dr. Reddy lose over 3% as An anonymous complaint has alleged the company gave “improper benefits” to healthcare professionals in Ukraine and potentially other countries in violation of US laws.