Overall it was a good week for Indian markets with majority of Nifty 50 and Sensex stocks closed with good gains. In the Nifty 50 stocks Bajaj Finsv and Bajaj Finance closed with whopping 16% and 14.3%. Stocks like Icici bank, Reliance, Hdfc Bank, Maruti, Upl, Axis Bank, Sbi, Bpcl, Powergrid, Jsw steel and HDFC closed the last 5 trading sessions with more than 5% gains. Zeel, Tata steel, Eicher Motors, Airtel, Wipro and Kotak Bank registered 4%+ gain during the week. Only 3 stocks closed with more than 2% loss – Mahindra, Shree Cements and Bajaj Auto.
Also it was a good week for Indian as well as global markets many challenges ahead for markets and economies in Indian and global fronts. India-China border issue and increasing corona virus covid-19 cases are a big challenge for Indian and worries about a second wave or corona virus is affecting sentiments worldwide. News about American president Donald Trump planning for another $1 trillion package to boost businesses was the main positive news in the global front last week.