Indian Stock Market Weekly Update (6 – 10 Feb 2023)

February 10, 2023 admin

Indian Stock Market Weekly Update (6 – 10 Feb 2023): The Indian stock market indexes ended the volatile week on a mixed note. After rising on a positive budget last week, Sensex was down 0.26% and the Nifty ended almost flat to positive, just up by 0.01% this week. The domestic market indexes started the week on a negative note due to weak global cues.

On the global front, the US Fed’s Chairman Powell’s speech motivated investors on Wednesday. While market participants remained cautious due to China’s spy balloon saga and the continuous fall in Alphabet shares after the Google Chat bot’s inaccurate answer. The hawkish comments from the US Fed officials also triggered selling in the global markets.

On the domestic front, investors were encouraged after the RBI monetary policy was announced. However, the weak quarterly earnings and continuous selling pressure by foreign investors dampened the market sentiments this week.

The broader markets outperformed the front-line indexes this week. Among the sectors Realty, Media, and Pharma indexes gained more than 1 percent while the Metals, FMCG, and Auto sectors declined above 1 percent during the week. FIIs were the net sellers, they offloaded shares worth Rs 3201.63 crores in the Indian equity markets while DIIs bought Rs 2287.48 crores this week.

Indian Stock Market Indexes (6- 10 Feb 2023)

On a weekly basis, Sensex declined 159.18 points or 0.26%, and closed at 60682.7, while the Nifty closed flat to positive, up by 2.45 points or 0.01%, and ended at 17856.5 levels. The Bank Nifty index also gained slightly by 59.7 points or 0.14 % and finished at 41559.4 levels.

The broader markets outperformed the benchmark indices during the week. The Nifty midcap index ended higher by 651.35 points or 2.14 percent, and at 31029.45 levels. The Nifty small-cap index was up 110.85 points or 1.18 percent and ended at 9526.4 levels during the week.

Nifty 50 weekly top gainers and losers

Weekly Nifty 50 Top Gainers
Company Name	LTP	Previous Close	Change (%)
Adani Ports	583.95	498.85	17.06
Adani Enterprise	1846.95	1586.80	16.39
Bajaj Finance	6435.50	6014.25	7.00
HDFC Life	522.55	488.90	6.88
IndusInd Bank	1161.20	1103.55	5.22

Weekly Nifty 50 Top Losers
Company Name	LTP	Previous Close	Change (%)
Tata Steel	108.80	120.35	9.60
Hindalco	433.15	459.65	5.77
Coal India	211.50	218.90	3.38
Eicher Motors	3212.35	3316.70	3.15
Hind. Unilever	2577.50	2648.75	2.69

Mid-cap weekly top gainers and losers

NSE Weekly Nifty Midcap Top Gainers
Company Name	LTP	Previous Close	Change (%)
PB Fintech	525.90	427.95	22.89
Aurobindo Pharma	468.85	404.20	15.99
Vodafone Idea	7.85	6.85	14.60

NSE Weekly Nifty Midcap Top Losers
Company Name	LTP	Previous Close	Change (%)
Tata Tele Mah	66.40	77.60	14.43
United Breweries	1480.75	1583.80	6.51
Astral	1941.65	2053.80	5.46

Small-cap weekly top gainers and losers

NSE Weekly Nifty Smallcap Top Gainers
Company Name	LTP	Previous Close	Change (%)
Elgi Equipements	442.70	380.70	16.29
Zensar Tech	262.40	235.10	11.61
Campus Activewe	420.15	379.10	10.83

NSE Weekly Nifty Smallcap Top Losers
Company Name	LTP	Previous Close	Change (%)
Brightcom Group	25.25	27.40	7.85
Bharat Dynamics	832.60	900.05	7.49
Balaji Aminies	2169.25	2331.20	6.95