Weekly market updates: Sensex and Nifty made a decent gain on 20 November ended week. 

 

Weekly Market Updates- Sensex and Nifty: Vaccine news helped the Indian stock market closed higher during the week. The benchmark indices touched a new record high during the week. On a weekly basis Nifty gained 78.8 points or 0.62% 12859.05 levels, Sensex gained 244.27 points or 0.56% and at 43882.25 levels. Bank Nifty also gained 671.7 points or 2.35% and at 29236 levels.

Nifty midcap & smallcap weekly updates: The midcap and smallcap indices outperformed during the week. The Nifty midcap 100 index gained 514.9 points or 2.80%and at  18962.55 levels The smallcap 100 index gained 93.15 points or 1.53% 6182.25.

 

Weekly Nifty gainers & losers updates

 

Weekly NSE Nifty Top Gainers
Company Name	LTP	Previous Close	Change (%)
Bajaj Finserve	8542.60	7261.10	17.65
Tata Motors	169.10	146.35	15.54
M&M	715.60	629.85	13.61
Tata Steel	532.90	486.55	9.53
Bajaj Finance	4715.85	4376.05	7.76
Weekly NSE Nifty Top Losers
Company Name	LTP	Previous Close	Change (%)
Reliance Industry	1899.50	1996.40	4.85
Hero Motocorp	2998.65	3128.90	4.16
Dr. Reddy’s Lab	4670.95	4856.90	3.83
Coal India	121.45	125.90	3.53
Hind Unilever	2120.25	2185.35	2.98

 

Nifty midcap & smallcap gainers and losers updates

 

Weekly NSE Nifty Midcap 100 Gainers
Company Name	LTP	Previous Close	Change (%)
Adani Gas	345.25	243.10	42.05
Vodafone Idea	10.05	8.70	15.52
Weekly NSE Nifty Midcap 100 Losers
Company Name	LTP	Previous Close	Change (%)
Indiabulls Housing	174.75	182.20	4.09
Zee Entertainment	185.50	192.65	3.71
Weekly NSE Nifty Smallcap 100 Gainers
Company Name	LTP	Previous Close	Change (%)
Wockhardt	393.30	291.90	34.74
Spicejet	72.80	54.45	33.70
Weekly NSE Nifty Smallcap 100 Losers
Company Name	LTP	Previous Close	Change (%)
Alok Industries	22.15	25.75	13.98
Amber Enterprises	2165.25	2310.55	6.29

 

Weekly Updates: The news that impact Sensex and Nifty

 

Indian markets started on a positive note after the Diwali Mahurat trading day. The markets reacted to the positive news of the Morderna Inc vaccine’s effectiveness in preventing coronavirus infection. Investors ignored the negative news of a spike in WPI and a decline in exports in October month.

Investors kept a neutral stance on the Goldman Sachs report that upgraded India‘s GDP forecast to 10.3% from 14.8% forecasted earlier in September in FY21Wednesday. The stock market fell on Thursday due to the concern about a spike in coronavirus cases and fears of fresh lockdown in various parts of the world. 

On Friday the Indian markets bounced back after the market regulator SEBI announced that investment through participatory-notes (P-notes) increased in the Indian capital market in October. Market sentiment also added some optimism on the last day of the week after the rating agency ICRA said the second-quarter GDP is estimated to contract 9.5% from 23.9 recorded in the previous quarter.

 

 

Weekly Global markets updates

 

The US markets ended mixed as positive news on the coronavirus vaccine front offset by worries about the spike in coronavirus cases in most parts of the country. On a weekly basis, Dow Jones and S&P 500 declined while Nasdaq closed higher. Weekly jobless claims rose in the US while other than auto, retail sales missed the expectation in October and grew at a slower pace since April.

The European markets gained for a third consecutive week after the news on the potential coronavirus vaccine. However, the concerns about the second wave of coronavirus infection have curbed some gains at the end of the week. FTSE and DAX gained almost half a percent while CAC closed higher by more than 2% on a weekly basis.

Japan’s stock market index made a decent gain on a weekly basis as the data showed on 16 November that its GDP grows better than expected in the third quarter. Japanese market index Nikkei 225 gained 0.6% during the week. Traders are concerts about the fresh surge in coronavirus cases in the country.

Chinese stock market gained during the week after solid economic data uplift the market sentiment and increased investors’ risk appetite. Shanghai gained more than 2% on a weekly basis.

 

Conclusions

The weekly Sensex and Nifty updates showed that Indian/global markets gained last week due to the effectiveness of the Moderna Inc vaccine news.  Other than this, the Indian markets also gained last week due to the heavy buying by FIIs in the cash market segment. On a weekly basis, FIIs bought Rs 13018.67 crore in the cash segment. 

You can also visit this website tomorrow for the  weekly report of “key factors that will impact Sensex and Nifty next week”

 

You may also like to read, Coronavirus impact on various sectors & Indian economic growth

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Happy weekend!!

Editor’s desk