Weekly Stock Market Analysis- Top Nifty Gainers & Losers
Weekly Stock Market Indexes & analysis ( 25 – 29 Oct ): The Indian stock market indexes declined consecutively for the second straight week. The key benchmark indices decline more than 2 percent each during the week ended 29 October. The broader markets also plunged in line with their larger peers.
Indian markets declined due to the heavy selling done by FIIs in the last week which triggered the profit booking button by the domestic HNI and retail clients. The volatility in the global markets, mixed corporate earnings, and unsustainable valuations in some counters weighed on market sentiments last week.
Weekly Stock Market Index Analysis ( 25 – 29 Oct)
On a weekly basis, Sensex declined 1514.69 points or 2.49% and closed at 59306.93, while Nifty closed lower by 443.25 points or 2.45% and ended at 17671.65 levels. The Bank Nifty on the spot price fell 1208.05 points or 3 % on a weekly basis and finished at 39115.6 levels.
The midcap and smallcap indexes also closed lower in line with their larger peers, both indices closed almost 2 percent last week. The Nifty midcap index was down by 612.9 points or 1.97% and closed at 30469.55 levels. The Nifty small-cap index was fell 206.55 points or 1.88% and ended at 10766.85 levels
NSE weekly top Nifty gainers and losers
| NSE Weekly Nifty Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Ultratech Cement | 7636.05 | 7149.60 | 6.80 |
| ICICI Bank | 802.05 | 759.30 | 5.63 |
| UPL | 740.20 | 704.35 | 5.09 |
| Asian Paints | 3100.10 | 2982.40 | 3.95 |
| Shree Cement | 28635.25 | 27738.20 | 3.23 |
| NSE Weekly Nifty Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Axis Bank | 742.00 | 816.70 | 9.15 |
| Adani Port | 693.00 | 761.80 | 9.03 |
| NTPC | 132.65 | 144.90 | 8.45 |
| BPCL | 417.70 | 447.25 | 6.61 |
| Coal India | 164.45 | 175.90 | 6.51 |
NSE weekly mid-cap top gainers and losersÂ
| NSE Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| The Ramco Cement | 1066.50 | 963.90 | 10.64 |
| Canara Bank | 214.50 | 198.60 | 8.01 |
| NSE Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Dhani Services | 177.60 | 208.05 | 14.64 |
| RBL Bank | 180.50 | 200.85 | 10.11 |
NSE weekly small-cap top gainers and losersÂ
| NSE Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Tanla Platforms | 1220.70 | 1063.25 | 14.81 |
| Chambal fert | 369.70 | 330.85 | 11.74 |
| NSE Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Rail Vikas | 35.30 | 43.05 | 18.00 |
| Sterlite Tech | 273.85 | 300.70 | 8.93 |
Weekly Global Stock Market Analysis
The US markets hit a new high during the busiest week of the earnings season ended 29 October. The US markets gained during the week despite the mixed economic data. The economic growth recorded a slow growth compared to the previous quarter. Home and Autosales also decline due to the spike seen in the delta variants of Covid-19 in the last quarter.Â
Whereas the brightest part is the long-term US treasury bond yields stabilized and the weekly jobless claims moderates.Â
European market indexes finished higher during the week ended 29 October due to solid corporate earnings that offset the worries about high inflations. The Eurozone economic growth was recorded better than expected. The ECB maintained its existing policies and indicated that it would continue buying assets under the pandemic emergency purchase program. However, ECB acknowledges the high inflation would take a long to decline as initially expected.
Japan’s index rose during the week ended 29 October ahead of the General Election scheduled on 31 October. The Bank of Japan (BoJ) maintained its dovish stance, and the long-term bond yield also stabilized during the week. However, the upside remained capped due to Industrial Production declines more than expected. China’s Shanghai declined during the week as the property developers defaults, a spike in recent Covid infections, credit rating downgrades, and new tech regulationsÂ
FIIs and DIIs investment
On a weekly basis, Foreign Institutional Investors (FIIs) were the net sellers whereas the Domestic Institutional Investors (DIIs) were the net buyers in the cash market segments. FIIs sold Rs 15702.26 crores while DIIs bought Rs 9427.23 crore in the cash market segment during the week ended 29 October.Â
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