Indian Stock Market Weekly Update (20 – 24 Feb)

February 24, 2023 admin

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