Stock Market Indices and Weekly Updates (01- 05 Aug 2022)
Indian Stock Market Indices and Weekly Updates (01- 05 Aug): Indian stock market indices closed higher for the third straight week ended 5th August. The key indexes, Sensex, and Nifty gained over 1 percent during the week on positive economic data, FIIs inflow, progress in monsoon, and ease in crude oil and other commodity prices. The key indices logged gains in four out of five trading sessions during the week.
The market sentiments were also upbeat, as July auto sales numbers showed a positive trend, as global chip headwinds eased. However, the mixed global cues due to US-China geopolitical tension and interest rate hike by the Bank of England capped the markets on the higher side.
On the sectoral front, IT, Auto and Metals closed higher whereas Realty was down during the week. FIIs were the net buyers in the equity cash segment, they bought Rs 6991.54 crore while DIIs turned sellers after a long time they sold Rs 1765.59 crore during the week ended 5 August.
Weekly Indian Stock Market Indexes (01-05 Aug)
On a weekly basis, Sensex climbed 817.68 points or 1.42%, and closed at 58387.93, while the Nifty gained by 239.25 points or 1.39%, and ended at 17397.5 levels. The Bank Nifty on the spot price advanced 429.2 points or 1.14 % on a weekly basis and finished at 37920.6 levels.
The broader markets outperformed the benchmarks last week. The Nifty midcap index jumped by 624.1 points or 2.11 percent and closed at 30258.35 levels. The Nifty small-cap index closed marginally higher by 146.8 points or 1.60 percent and ended at 9318 levels during the week.
Nifty 50 weekly top gainers and losers
| Weekly Nifty 50 Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| M&M | 1235.90 | 1164.45 | 6.14 |
| Adani Port | 810.25 | 763.70 | 6.10 |
| JSW Steel | 667.15 | 629.60 | 5.96 |
| Cipla | 1034.20 | 977.40 | 5.81 |
| Power Grid | 223.65 | 213.95 | 4.53 |
| Weekly Nifty 50 Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Britannia | 3688.10 | 3900.40 | 5.44 |
| Tata Consumer | 784.80 | 811.65 | 3.31 |
| HDFC Life | 539.25 | 555.50 | 2.93 |
| Sun Pharma | 915.95 | 943.20 | 2.89 |
| SBI Life | 1266.65 | 1294.40 | 2.14 |
Mid-cap weekly top gainers and losers
| NSE Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| PB Fintech | 571.25 | 468.25 | 22.00 |
| JSW Energy | 285.80 | 238.75 | 19.71 |
| Varun Beverages | 1025.25 | 882.70 | 16.15 |
| NSE Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Godrej prop | 1373.85 | 1507.60 | 8.87 |
| Balkrishna Ind | 2162.80 | 2311.25 | 6.42 |
| Escorts Kubota | 1642.60 | 1733.00 | 5.22 |
Small-cap weekly top gainers and losers
| NSE Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| IRB Infra dev | 250.75 | 213.60 | 17.39 |
| Redington India | 144.80 | 124.65 | 16.17 |
| Metro Brands | 735.30 | 639.75 | 14.94 |
| NSE Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Brightcom Group | 40.45 | 49.40 | 18.12 |
| Balrampur Chini | 350.65 | 395.10 | 11.25 |
| Amber Enterprise | 2268.00 | 2493.70 | 9.05 |
Global stock market indices for the week (01- 05 Aug)
The major global stock market indices ended mixed during the week. The sentiments were downbeat due to geopolitical tension, high inflation, recession fear, central bank’s monetary policy tightening. Whereas the downside was capped and some global indices gained due to strong earnings and positive economic data.
European and the US stock market indices
The US stock market indices were mixed for the week as the much-awaited job data for the month of July was reported better than expected. This has actually revived investors’ concerns that Fed may aggressively hike interest rates to curb high inflation. Even earlier during the week, a Fed official signaled that the central bank is committed to raising rates until inflation is under control.
The strong job data and hawkish message from the Fed officials helped to drive US Treasury yields higher during the week and overshadowed the downward pressure from rising US-China geopolitical tension. The economic data released during the week showed that manufacturing and services activity in the US is positive and growing. The key US indices Dow closed negative during the week while S&P 500 and Nasdaq were positive.
The pan-European STOXX Europe 600 index slipped during the during on expectations that central banks would continue to raise interest rates aggressively to control the record high inflation. Unemployment rose in the eurozone in June, for the first time in 14 months, and manufacturing activity shark in July. The major European stock market indices, FTSE, CAC, and DAX were advanced during the week due to some upbeat quarterly earnings.
The BoE raised its key interest rate by 50 bps to 1.75%, the biggest increase since 1995. It projected 13.3% inflation by October due to high energy prices and would begin a recession. Core eurozone government bond yields fell early during the week due to a rise in geopolitical tension between US-China over Taiwan. However, a hawkish message from Fed officials helped to drive yields up again in the end.
The major Asian stock market indices
Japan’s Nikkei gained during the week as strong corporate earnings supported the market sentiments. The upside remained capped as traders were concerned about the heightened tension between the US and China over Taiwan.
The Chinese stock market index Shanghai was closed lower for the week, as geopolitical tension, mortgage boycotts, and unenthusiastic economic data kept the buyers away from the markets.
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