Weekly Stock Market Indexes & Analysis (27 Sept – 1 Oct)
Weekly Stock Market Indexes & analysis ( 27 Sept – 1 Oct ): The Indian stock market indexes were closed lower around 2 percent during the week ended 1st October. The broader markets outperformed the benchmark indices on a weekly basis. The markets started with a flat note on Monday and continued to trade negatively during the week.
In absence of any domestic event, the Global cues dominated the Indian markets last week. The factors that impacted the market sentiments were weak global cues and FII outflow. However, the downside of the market remains capped due to positive domestic economic data announced later during the week.
Weekly Stock Market Indexes ( 27 Sept- 1 Oct )
On a weekly basis, Sensex fell 1282.89 points or 2.14% and closed at 58765.58, while Nifty closed lower by 321.15 points or 1.79% and ended at 17532.05 levels. The Bank Nifty on the spot price also closed lower by 604.4 points or 1.60 % on a weekly basis and finished at 37225.9 levels.
The midcap and smallcap indexes outperformed the benchmark indices last week, both indices were closed in the green. The Nifty midcap index was gained 253.25 points or 0.84% and closed at 30396.85 levels. The Nifty small-cap index was up 67.9 points or 0.63% and ended at 10904.45 levels
NSE weekly top gainers and losers
| NSE Weekly Nifty Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Coal India | 188.70 | 166.10 | 13.61 |
| NTPC | 139.90 | 124.25 | 12.60 |
| Power Grid | 191.85 | 176.15 | 8.91 |
| IOCL | 127.40 | 117.25 | 8.66 |
| ONGC | 146.25 | 136.10 | 7.46 |
| NSE Weekly Nifty Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Tech Mahindra | 1371.25 | 1514.75 | 9.47 |
| Asain Paints | 3177.85 | 3448.60 | 7.85 |
| Bajaj Finserve | 17117.80 | 18526.00 | 7.28 |
| Bharti Airtel | 675.90 | 725.77 | 6.87 |
| HCL Technology | 1273.75 | 1358.20 | 6.22 |
NSE weekly mid-cap top gainers and losers
| NSE Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Tata Power Co | 163.75 | 139.10 | 17.72 |
| BHEL | 65.60 | 56.25 | 16.22 |
| NSE Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Mphasis | 3026.25 | 3342.35 | 9.46 |
| Mindtree | 4184.60 | 4601.00 | 9.05 |
NSE weekly small-cap top gainers and losers
| NSE Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Trident | 29.40 | 24.20 | 21.49 |
| IRB Infra | 210.15 | 173.95 | 20.81 |
| NSE Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Cams Service | 2985.60 | 3372.85 | 11.48 |
| Bajaj Electricals | 1306.90 | 1471.65 | 11.19 |
Weekly Global Stock Market Indexes
The major global stock market indexes closed in the red during the week ended 1 October. The US market indexes trimmed their weekly losses at the end of the week on 1 October, but Nasdaq reported its biggest weekly drop after February.
The rising US Treasury bond yields and the uncertainty about the debt ceiling weigh the market sentiments till mid of the week, which were later settled late in the week. However, the upbeat economic data at the end of the week trimmed some early weekly losses in the US markets.
European markets fell sharply on concerns about slow growth in the economy and high inflation recorded during the month. The rise in Core eurozone bond yields, strong inflations, slow growth in the UK’s GDP number, and uncertainty in Germany’s election were the reasons for the negative market sentiments in Europe during the week ended 1 October.
In Asia, Japan’s Nikkei also fell sharply following the weak global cues. China’s Shanghai also declined during the holiday-shortened week 30 Sept as Friday Shanghai was closed due to National day. Investors were concerns about China’s weak economic data released during the week and the slow growth of the world’s second-largest economy.
Weekly FIIs and DIIs data
On a weekly basis, Foreign Institutional Investors (FIIs) were the net sellers and the Domestic Institutional Investors (DIIs) were the net buyers in the cash market segments. FIIs sold only Rs 6092.56 crores while DIIs bought Rs 4305.4 crore in the cash market segment during the week ended 1st October.
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