Weekly Watch on Stocks, M&M recorded highest weekly Gains


Indian Equity benchmark indices closed with weekly gains of more than 12-percent for the truncated week ended Thursday, 9-April 2020. Banking stocks were strong for the week, with the popular Nifty Bank index ending 15.45-pc higher for the week . On 10-April, Indian markets were shut on account of Good Friday.

The Sensex correctly recorded 12.9-pc weekly gains and the Nifty recorded 12.7-pc for the week. Mahindra and Mahindra (M&M) gained 35.09-pc, Maruti Suzuki added 32.088-pc, Axis bank rose 29.1-pc, Cipla advanced 29-pc, and IndusInd bank went up 26.2-pc each for the week and was among top weekly gainers on the Nifty.

Though Auto heavy heavyweight HeroMotoCorp closed higher by 25.08-pc for the week, the other weekly gainers were Vedanta-up by 22.3-pc, Hindalco up by 21.1-pc, Sun Pharma gained by 20.9-pc and Zee Entertainment added 20.5-pc each. Track the best weekly stock tips, week ahead market views from here.

On Thursday, Sensex closed higher by 1,265 points at 31,159.27 while the NSE Nifty-fifty ended 363-pts higher at 9,111.90. The broader indices-NSE Nifty Mid-cap-100 and Small-cap-100 ended higher by 3.38-pc and 3.88-pc each for the day, on Friday.

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