Weekly Analysis on Stocks, Top Nifty performers for the week
May 11, 2019
Indian stock benchmark indices closed in loss for 8th consecutive session on Friday,
amid rising tensions between the United States and China. Asian stocks also remained passive during the
week amid concern of a trade war.
BSE Sensex closed 0.26% lower at 37,463, down 3.8% for the week. The broader NSE Nifty50 ended 0.2% at 11,279,
falling 3.7% for the week. The Nifty MidCap index declined 2.5% for the week.
Friday, the downfalls in index were dragged by technology stocks (IT) and metal
stocks. All sectoral stocks witnessed selling pressure for the week, in which the
Nifty Media stocks declined the most, down 6.7%. The other losers followed are:- Nifty Metal
(-6.3%), the Nifty Energy (-5.9%) and the Nifty Realty (-4.3%) for the week.
Nifty Losers, Tata Motors Ltd was the worst performing stock for the week, down
11.7% after the retail sales of, JLR in April 2019 were 39,185 vehicles, down
13.3%, year on year.
Nifty Metal was the best performing sector, which was gained 1.1% followed by
Nifty Energy, which was up 0.8%
was the only gainers on the Nifty50 index for the week, up 0.18%, as the rupee declined
due to rising US-China trade war concerns. TCS also surpassed Reliance
Industries Limited in market capitalization on May9.
Shares of Reliance Industries declined 11.6% for the week after Morgan Stanley downgraded the stock.