Weekend Stock Report, Top Stock Picks For The Week Ahead

Equity indices recovered their two-day losing streak in a highly volatile trade in the week-end, led by shares in banking and financial services.

The BSE Sensex rose 181 points to 35,695.10 and the NSE Nifty50 Index climbed or 55 points to 10,727.35.  For the most part of the session, the indices were extremely volatile as the Nifty50 Index fluctuated continually between gains and losses.

Bharti Infratel, Yes Bank, Vedanta and Tata Motors were among major gainers while HCL Tech, Tech Mahindra and Infosys were top losers on the NSE.

Except the Nifty IT Index which declined 1.23 percent, all the sectoral gauges ended higher led by the Nifty PSU Bank Index’s 2.32 percent gain.

Fall in shares of IT companies led the Nifty IT index’s drop today, amid rise in Indian rupee against USd. Tata Elxsi, MindTree, HCL Technologies, NII Tech, Tech Mahindra, Infosys and TCS from the Nifty IT index were down in different extents on the NSE.

Nifty PSU Bank rose 2.32% led by Syndicate Bank, PNB, Union Bank and OBC. Nifty Metal also rose 1.40 percent led by Jindal Steel, Vedanta and JSW Steel.