Weekly Recap of Stocks; Top Nifty Gainers, Losers This Week

Top Nifty gainers

Weekend markets closed higher with major gains in banking stocks, as investors eyed on for the release of the Union Budget-2020 next week. The BSE benchmark Sensex on Friday ended higher by 0.55-percent or 226.79 points at 41,613, while the Nifty50 of the NSE closed high at 12248, up by 56-pc or 67.90-points.
For the week, the Sensex and Nifty both ended 0.84-pc lower and Bank Nifty closed 1.10-pc this week, as compared to the last week’s reading.
Among the sectoral indices, the Nifty consumer index or FMCG ended 1.40-pc higher whereas the Metal Index has dropped over 3-pc.
Bharti Infratel emerged the top Nifty gainer this week, up by near 12-pc this week, followed by Yes Bank, up by 9-pc, Grasim Industries by 7-pc, IndiaBulls Housing by 5.90-pc, Bharti Airtel higher by 4.85-pc and Larsen & Toubro up by 4.22-pc, as the major gainers this week.
Bharti Airtel stock rise was impacted by the stimulus that Modi Govt this week approved upto 100-pc FDI in Bharti Airtel from 49-pc permitted earlier.
UltraTech Cement, Titan company, BPCL, Gail India and Britannia Industries also advanced between 2 and 3.48 percent this week.
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Among Nifty Losers this week, UPL declined 7.8-pc, Coal India slipped 6.7-pc, ONGC down 5.62-pc, Tata Motors slipped 5.50-pc and NTPC down by 5.32 percent as the top losers for the week.

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