Indian Stock Market Weekly Update (20 – 24 Feb)
Indian Stock Market Weekly Update (20 – 24 Feb 2023): The Indian stock market indexes ended the week with deep cuts amid volatility. The domestic markets traded negatively in all five trading sessions during this week. The markets were volatile as the monthly derivative expiry was scheduled on Thursday. Sensex and Nifty ended lower by over 2.5 percent, reporting their worst weekly loss in eight months
The weak global cues hit the Indian stock market sentiments this week. Traders were concerned that the US central bank might raise interest rates further to tame inflation. The US Fed’s minutes of the last meeting released during the week revealed that more rate hikes are on the card to control inflation.
The renewed geopolitical tension between US and Russia over Ukraine also dampened market sentiments during the week. However, strong quarterly earnings from corporates and positive economic data supported the global markets this week.
The market sentiments were also downbeat due to continuous selling pressure from foreign investors. After becoming net buyers in the previous week, FIIs again turned into net sellers in Indian markets, as they offloaded Rs 3100.55 crore worth of shares during the week, while DIIs continued their inflow and invested Rs 3209.6 crore during the week. All sectoral indices closed lower during the week with Nifty metals, realty, media, and PSU banks falling the most.
Indian Stock Market Indexes (20- 24 Feb 2023)
On a weekly basis, Sensex declined 1538.64 points or 2.52%, and closed at 59463.93, while the Nifty closed sharply lower by 478.4 points or 2.67%, and ended at 17465.8 levels. The Bank Nifty index plunged by 1222.35 points or 2.97 % and finished at 39909.4 levels.
The broader markets also closed lower during the week. The Nifty midcap index ended lower by 538.65 points or 1.76 percent, and at 30103.4 levels. The Nifty small-cap index was down 195.75 points or 2.08 percent and ended at 9221.8 levels during the week.
Nifty 50 weekly top gainers and losers
Weekly Nifty 50 Top Gainers | |||
Company Name | LTP | Previous Close | Change (%) |
Divis Lab | 2915.20 | 2829.80 | 3.02 |
NTPC | 171.00 | 168.05 | 1.76 |
Power Grid | 215.05 | 213.80 | 0.58 |
ITC | 385.10 | 383.40 | 0.44 |
Weekly Nifty 50 Top Losers | |||
Company Name | LTP | Previous Close | Change (%) |
Adani Enterp | 1315.65 | 1722.70 | 23.63 |
Cipla | 961.80 | 1025.75 | 6.23 |
JSW Steel | 685.00 | 728.40 | 5.96 |
M&M | 1280.20 | 1341.50 | 4.57 |
HDFC | 2577.15 | 2693.60 | 4.32 |
Mid-cap weekly top gainers and losers
NSE Weekly Nifty Midcap Top Gainers | |||
Company Name | LTP | Previous Close | Change (%) |
PB Fintech | 576.80 | 484.80 | 18.98 |
Delhivery | 350.15 | 328.20 | 6.69 |
Indian Energy Exch | 143.85 | 135.45 | 6.20 |
NSE Weekly Nifty Midcap Top Losers | |||
Company Name | LTP | Previous Close | Change (%) |
Adani Wilmar | 362.55 | 438.25 | 17.27 |
Tata Tele Mah | 57.55 | 66.10 | 12.93 |
Aditya Birl Fash | 229.85 | 262.30 | 12.37 |
Small-cap weekly top gainers and losers
NSE Weekly Nifty Smallcap Top Gainers | |||
Company Name | LTP | Previous Close | Change (%) |
Bharat Dynamics | 958.25 | 872.70 | 9.80 |
Zenser Tech | 291.60 | 266.90 | 9.25 |
Campus Activewe | 406.20 | 374.60 | 8.44 |
NSE Weekly Nifty Smallcap Top Losers | |||
Company Name | LTP | Previous Close | Change (%) |
Indiabull HSg | 101.20 | 113.05 | 10.48 |
Delta Corp | 183.90 | 202.80 | 9.32 |
Chemplast Sanmar | 382.90 | 415.95 | 7.95 |
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