This week was a very volatile week although the market reached a new high after the covid-19 lockdown. Our levels which were given in the Daily Analysis of the Nifty would surely have helped you to trade this week. There were lots of results coming out and the important event of the USA presidential election. There is no clear outcome of the election, but Joe Biden is leading as of now.
Nifty 50 Chart
We have considered Nifty 200 as our benchmark to find the Top 5 stocks which rocked the Dalal street this week.
|Stocks Name||Close||Open||Change||% Change|
|Shriram Trans. Fin.||846.40||693.45||152.95||22.06%|
|State Bank of India||219.20||189.25||29.95||15.83%|
Suprisingly, all the top 5 stocks in the list are Banking and Finance stocks. This huge rally from this sector helped a lot to move Nifty to near all time high. Indusind bank had a merger news with Kotak Bank where as SBI posted very good numbers in Q2.
Top 5 Gainers of the Week
On the other side, Reliance Power, UPL, MRPL, Ambuja Cement, and Reliance Capital are the Top 5 losing stocks in Nifty 200. Reliance Industries also had a huge fall of 9% on Monday, but later the stock covered up.
Abhishek is the founder of Above Stocks. He manages the News section of our site. Having learned the art of Stock Trading, he is always keen to know the latest updates in the Indian Stock Market and put it down in our news section.