Indian markets for the week ended December 11, 2020 posted sixth straight week of gains with Nifty ending at 13513 while Sensex ending just shy of 46100. On a weekly basis, gains are to the tune of 2 percent. The gains on the indices are fuelled by optimism over coronavirus vaccine.
And amid such rally, when Nifty and Sensex in trade on December 11, 2020 yet again hit another fresh high, top weekly gainers from diverse sectors are:
|Stock||% Weekly Gain|
"Niftyis exhibiting at indecisive nature of the market after rallying more than 1000 points above the highest level of the previous up-move (12430). On Monday, it would a tough job for the bulls. The Nifty 50 index needs to cross 13600 levels. If the Nifty 50 index convincingly crosses 13600, it would jump to 13750 levels without any major hurdle. On the contrary, we can expect a quick decline below the level of 13400, if the market breaks 13400 levels. In that case Nifty 50 index could fall to 13200 levels", views of Kotak Securities expert.