DSIJ Mindshare

Stocks have the potential to deliver multibagger returns. Should you choose to invest in gold instead of stocks during this Akshay Tritiya? Check inside.

The Senco Gold stock saw a significant surge of 10 per cent, resulting in an impressive 84.30 per cent return in less than four months. Diamond stocks from the jewelry industry skyrocketed on Friday, driven by positive results, with each share gaining Rs. 67.85.

Nifty witnessed strong follow-up buying after the strong recovery of last trading session. It closed 178.20 points higher at 18,499.35 level. Shree cements, Reliance industries and Sun pharma were the top gainers while ONGC, Grasim and Bajaj-Auto were the top losers amongst Nifty 50 stocks.      

Nifty witnessed some selling pressure in the morning session but later it recovered from the support level of 18,200 and rallied higher above the opening levels and made new day's high. It closed 35.75 points higher at 18,321.15 level.

Nifty witnessed a roller coaster ride throughout the day as it rallied higher after the gap down opening. Somehow, it lost all gains in the afternoon session to close around the opening levels. It dropped 62.60 points to close at 18,285.40 level.