Weekly Updates- Sensex, Nifty gained while Bank Nifty, Nifty midcap 100, Nifty smallcap 100 closed lower

 

Weekly Market Updates- Sensex, Nifty, Bank Nifty, Nifty midcap 100, Nifty smallcap 100: The benchmark indices closed higher whereas Bank Nifty, Nifty midcap 100 and Nifty smallcap 100 indices closed lower on a weekly basis. The markets traded sideways during the week. The Nifty was trading mostly between 11300 to 11450 range on a weekly basis.

During the week, Sensex gained 497.37 points or 1.30% and closed at 38854.55 while Nifty was up by 130.6 points or 1.16% and closed at 11464.45 levels. The Bank Nifty on spot level declined by 531.55 points or 2.31% and closed at 22479.95 levels.

The Nifty midcap 100 and smallcap 100 indices also closed marginally lower on a weekly basis. The Midcap index was down by 160.4 points or 0.95% and closed at 16765.8. The Nifty smallcap 100 index fell  28.75 points or 0.50% on a weekly basis and closed at 5650.15 levels.

 

Weekly Nifty top gainers and losers

 

Weekly NSE Nifty Top Gainers
Company Name	LTP	Previous Close	Change (%)
Reliance	2319.75	2077.25	11.67
BPCL	428.75	403.35	6.30
Wipro	293.30	276.00	6.27
HDFC Life	604.80	574.65	5.25
Asian Paints	2035.95	1956.35	4.07
Weekly NSE Nifty Top Losers
Company Name	LTP	Previous Close	Change (%)
GAIL	90.75	98.05	7.45
Bharti Infratel	201.85	214.85	6.05
Bharti Airtel	491.65	523.15	6.02
ONGC	73.30	77.90	5.91
Coal India	125.10	132.45	5.55

 

Weekly Nifty midcap 100 and smallcap 100 top gainers and losers

 

Weekly NSE Nifty Midcap 100 Gainers
Company Name	LTP	Previous Close	Change (%)
Adani Gas	207.35	187.90	10.35
Coforge	2090.60	1919.10	8.94
Weekly NSE Nifty Midcap 100 Losers
Company Name	LTP	Previous Close	Change (%)
Jubilant Life	738.45	829.75	11.00
Godrej Industries	407.55	441.50	7.69
Weekly NSE Nifty Smallcap 100 Gainers
Company Name	LTP	Previous Close	Change (%)
Indiamart Inter	4768.00	4092.80	16.50
Strides Pharma	684.65	598.25	14.44
Weekly NSE Nifty Smallcap 100 Losers
Company Name	LTP	Previous Close	Change (%)
Kaveri Seeds Co	524.85	582.80	9.94
PVR	1254.80	1386.85	9.52

 

Indian market news during the week

 

Indian markets traded marginally higher during the week. The market started with an optimistic mode last Monday after the news of the jump in the Foreign Exchange Reserve. But the higher side was capped as Fitch Ratings revised India’s GDP forecast for FY21 from -5% to -10.5%. 

The Indian markets traded positively after the reports of Goldman Sachs that the Indian economy will see a stronger rebound in the year 2021. The Markets also reacted positively to the news of Indo China’s disengagement of troops from the disputed border. 

Markets traded negatively on the news of Astra Zeneca’s COVID-19 vaccine trials halted due to unexplained illness in UK volunteers. Traders were concerns over delay in the vaccine after the trails halted in India, the UK, and other places of the world.

Global markets news during the week

 

The US markets closed lower last week due to correction on technology stocks. The jobless claims remained steady at a higher level in the US. The job opening data beats expectation but hiring drops sends a mixed signal to the US markets. 

The US core inflation data released last Friday has increased by 0.4%. There are lots of uncertainties in the US markets ahead of the November elections. The US markets would remain volatile in the coming days too.

European markets ended higher last week even after the European Central Bank’s rejections of additional stimulus and fear of Brexit. The increasing coronavirus cases are now a concern for the European countries. Tension also increased as the UK and European Union began a new round of talks to chalk out their post-Brexit relationship.

However, in Asia, the Chinese market fell around 3% while following the US markets. The Chinese core inflation rate was unchanged while exports accelerated in August. The Japanese market closed higher even after GDP revised lower in the 11 September end week.

 

FIIs and DIIs movement during the week

 

Weekly basis FIIs and DIIs both were the seller in the cash markets. FIIs sold Rs 8.36 crores while DIIs sold Rs 1501.11 crores in the cash market segment during the week. After continues selling for the first three days of the week, FIIs turned buyers now.

 

Conclusions:

Indian markets traded range-bound last week due to the absence of any major trigger. The Bank Nifty had given a movement of 1000 points and traded negatively for the first three days of the week. The Nifty midcap 100 and Nifty smallcap 100 indices continue to close lower for the second consecutive week in a row.

Tomorrow you can read the “Key factors that will influence the Indian market next week” report on our website.

 

You can also read, Market closed flat, top gainers and losers in NSE today

                               Your Stock Broker will never say these Hidden Charges. 

 

Happy Weekend !!

 

Editor’s Desk