Stock Market Indexes- Weekly Updates (22-26 Aug)
Stock Market Indexes and Weekly Updates (22-26 Aug): Indian stock market indexes snapped a 5-week winning streak amid profit booking. The benchmark indices closed lower on weak global cues, as investors looked forward to Fed Chairman Jerome Powell’s speech at Jackson Hole Symposium. The surge in crude oil prices after Saudi Arabia’s comment on production cut also hit the market sentiments.
However, the downside was limited due to the sustained buying by the FIIs during the week. On a weekly basis, FIIs were the net buyers of Rs 450.36 crore while DIIs were the net sellers of Rs 503.32 crore. Among the sectors, Nifty PSU Banks, Media, and Energy were the gainers while IT, Pharma, and Financial Services ended lower during the week.
Weekly Indian Stock Market Indexes (22-26 Aug)
On a weekly basis, the Indian markets were down by over 1 percent. Sensex declined 812.28 points or 1.36%, and closed at 58833.87, while the Nifty was down by 199.55 points or 1.21%, and ended at 17558.9 levels. The Bank Nifty on the spot price was flat, added only 1.2 points or 0 % on a weekly basis, and finished at 38987.15 levels.
The broader markets outperformed the benchmark during the week. The Nifty midcap index advanced 107.95 points or 0.35 percent and closed at 31112.95 levels. The Nifty small-cap index closed higher by 138.9 points or 1.46 percent and ended at 9596.7 levels during the week.
Nifty 50 weekly top gainers and losers
| Weekly Nifty 50 Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Coal India | 229.95 | 217.15 | 5.89 |
| Grasim Industries | 1675.25 | 1605.85 | 4.32 |
| Titan Company | 2532.90 | 2440.60 | 3.78 |
| NTPC | 163.40 | 157.75 | 3.58 |
| Shree Cement | 22097.90 | 21423.20 | 3.15 |
| Weekly Nifty 50 Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| TCS | 3222.20 | 3385.75 | 4.83 |
| Infosys | 1521.55 | 1597.10 | 4.73 |
| Asian Paints | 3323.55 | 3482.55 | 4.57 |
| Adani Ports | 837.70 | 871.80 | 3.91 |
| Wipro | 417.25 | 432.45 | 3.51 |
Mid-cap weekly top gainers and losers
| NSE Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| IDBI Bank | 45.75 | 39.85 | 14.81 |
| ABB | 3170.65 | 2888.35 | 9.77 |
| Indian Bank | 193.35 | 177.80 | 8.75 |
| NSE Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Mphasis | 2166.05 | 2394.15 | 9.53 |
| HPCL | 241.45 | 263.70 | 8.44 |
| Tata Elxi | 9349.00 | 10138.75 | 7.79 |
Small-cap weekly top gainers and losers
| NSE Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| RBL Bank | 124.45 | 99.95 | 24.51 |
| Kalyan Jeweler | 79.50 | 70.00 | 13.57 |
| Atus Value Hou | 349.35 | 308.60 | 13.20 |
| NSE Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Devyani Intl | 185.25 | 198.35 | 6.60 |
| Mastek | 1924.65 | 2035.85 | 5.46 |
| HEG | 1285.55 | 1347.35 | 4.59 |
Global stock market indices for the week (22 – 26 August)
The global stock market indices closed lower during the week ended 26 August. The major key indexes in the US, Europe, Japan, and China ended in the red on rate worries and fear of recession
The US and European Stock Market Indexes
The US stock market indexes moved sharply lower for the week as investors became less optimistic that the central bank will able to curb inflation without causing a recession. Technology and other high-growth stocks were the most hit during the week. The weak economic data and rising oil prices further dampen the market sentiments but the downside was limited as energy stocks supported the markets.
The US stock market movement came mainly at the end of the week. The investors were closely watching the central bankers gathering at the Jackson Hole conference and the focus was Fed Chair Jerome Powell’s speech on Friday. Stock market indexes fell sharply after Powell’s hawkish speech on Friday.
Dow Jones tumbled more than 1000 points after Powell said that Fed must continue to raise the interest rates and keep them high until inflation is under control. The bond yield edged higher after Powell said that the signs of slowing inflation are not enough to ease its tough stance against rising prices.
European stock market indexes fell during the week as fears intensified that the central bank would continue to remain aggressive to curb inflation, which could slow down the economic growth in the region. Core eurozone bond yields moved higher on the expectation of a sharp increase in an interest rate hike. Higher gas prices and weak economic data also dampened the market sentiments for the week.
Asian Stock Market Indexes
Japan’s stock market index Nikkei 225 closed lower for the week, as investors were getting ready for a hawkish message from US Fed Chair Jerome Powell at the Jackson Hole conference on Friday. The slow growth of manufacturing activity in August also hit the market sentiments during the week.
China’s stock markets declined during the week as the power shortages and rising temperatures in some provinces raised concerns about the growth outlook. The market sentiments were negative despite the People’s Bank of China cutting two key interest rates last Monday, to revive the economy.
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