Stocks Markets witnessed their best monthly gains in April, 2020 with the Sensex, Nifty seeing a sharp spurt in the last week of April. For the week, both the Sensex and Nifty gained more or less 7.6-percent each.
Top Three Nifty Gainers for the week: Based on the weekly index analysis as on 23.4.2020, following companies’ stocks on the Nifty are seen on upper circuit:
Tata Motors Limited: Leading global automobile manufacturing company Tata Motor’s shares gained Rs.18.10 on weekly basis. The share price last closed at Rs.93.75 as against Rs.75.65 quoted on 23-April.
United Phosphorus Limited: Similarly, UPL shares gained Rs.64.10 on weekly basis. The share price last closed at Rs.413 as against last week quote of Rs.348.90
Oil & Natural Gas Corp Ltd: ONGC shares gained Rs.12.40 on weekly basis. The share price last closed at Rs.79.75 as against last week quote of Rs.67.35
Fitch has slashed India’s Gross Domestic Product (GDP) growth to 0.80-percent while Moody’s has cut it to 0.20-percent for the current FY on account negative impact of COVID-19.
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