Stock Market Weekly Recap (4-8 July 2022 )
Indian Stock Market Weekly Recap (4- 8 July 2022): Indian equity benchmark indices registered nearly 3 percent gains for the week ended 8 July. The domestic markets gained for the third week in a row. The benchmark indices logged gains in four out of five trading sessions during the week. Markets gained mainly on positive global cues, a sharp fall in crude oil prices, and a slow down in FII’s selling pressure. However, the upside was capped due to weakness in the Indian rupee against the dollar and as the trade deficit widened in June.
On a weekly basis, all major sectoral indices closed higher led by PSU Banks, FMCG, Realty, Banking, and Finance. FIIs were the net sellers, they sold Rs 2218.38 whereas DIIs were the net buyers and they bought Rs 3910.33 in the equity cash segment.
Weekly Indian Stock Market Indexes (4- 8 July 2022)
On a weekly basis, Sensex gained 1573.91 points or 2.98%, and closed at 54481.84, while the Nifty was up by 468.55 points or 2.97%, and ended at 16220.6 levels. The Bank Nifty on the spot price closed higher by 1584.6 points or 4.73 % on a weekly basis and finished at 35124.05 levels.
The broader markets also gained almost in line with their larger peers during the week. The Nifty midcap index gained by 1061.75 points or 3.99 percent and closed at 27649.05 levels. The Nifty small-cap index closed higher by 252.55 points or 2.97 percent and ended at 8730.1 levels during the week.
Weekly Nifty 50 top gainers and losers
| NSE Weekly Nifty 50 Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Titan | 2144.35 | 1946.20 | 10.18 |
| HUL | 2496.85 | 2282.35 | 9.40 |
| ICICI Bank | 755.70 | 703.90 | 7.36 |
| L&T | 1687.45 | 1572.15 | 7.33 |
| UPL | 690.25 | 643.50 | 7.26 |
| Weekly Nifty 50 Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| ONGC | 121.50 | 131.05 | 7.29 |
| HDFC Life | 545.35 | 565.45 | 3.55 |
| JSW Steel | 566.20 | 578.85 | 2.19 |
| TCS | 3265.45 | 3315.10 | 1.50 |
| Cipla | 935.45 | 949.30 | 1.46 |
Midcap weekly top gainers and losers
| NSE Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Canara Bank | 211.10 | 184.85 | 14.20 |
| ABB | 2589.10 | 2275.45 | 13.78 |
| Trent | 1204.25 | 1073.55 | 12.17 |
| NSE Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Oil India | 184.20 | 213.85 | 13.86 |
| PB Fintech | 564.05 | 588.05 | 4.08 |
| Dr. Lal Path Labs | 2178.05 | 2239.25 | 2.73 |
Smallcap weekly top gainers and losers
| NSE Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Brightcom Group | 41.85 | 32.90 | 27.20 |
| Sobha | 675.35 | 556.85 | 21.28 |
| Poonawala Fin | 254.20 | 231.10 | 10.00 |
| NSE Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Metro Banda | 581.00 | 621.10 | 6.45 |
| Aptus Value | 273.35 | 291.90 | 6.35 |
| Alok Industries | 20.75 | 21.60 | 3.94 |
Global stock market updates for the week (4 – 8 July 2022)
The major global markets mostly closed higher during the week. The sentiments were positive in the US, Europe, and Japan while China closed lower during the week.
The US and European Stock Market Updates
The US stock market indexes trimmed their previous week’s losses on optimism that the central bank will be able to control inflation without pushing the economy into recession. S&P 500 is now out of the bear market phase due to solid gains during the week. The communication services, consumer discretionary, and IT indexes performed during the week while Energy fell due to a sharp correction in crude oil prices last week.
On the economic data front, the service activities in the month of June indicate a continued slowdown in growth. The stronger-than-expected monthly job data showed that the rising interest rates and high inflation are not yet pinched the hiring. The solid job report lifted the yield on the benchmark 10-year US Treasury note to roughly 3.10 percent at the close on Friday.
European stock market indexes posted gains in the first week of July following positive global cues. However, gains were capped as China reimposed some restrictions to curb fresh covid surges and worries of energy shortage might cause a recession in Europe.
The European Central Bank (ECB) minutes showed that most policymakers back rate hikes in July, as expected will start with 25 bps in July and 50 bps in September. The Eurozone producer price index surged an annual 36.3 percent in May. Germany posted its first trade deficit since 1991.
Japan and China’s Stock Market Updates
Japan reported a gain during the week ended 8 July. The BoJ’s commitment to monetary policy easing while other central banks are tightening their policy to curb inflation supported the market. The CPI trended upward in Japan but remains low as compared to other developed economies.
The Japanese government has now focused on boosting the startups in the country. The government pension investment fund is set to invest several tens of millions of dollars in startups, which would boost further development of the sector.
China’s stock market index made losses during the week due to rising covid cases and elevated geopolitical tensions. According to a Reuters report, China will set up a state infrastructure investment fund worth CNY 500 billion ($ 74.69 billion) to spur infrastructure spending and support the economy. The Chinese market fell despite the economic data showing the sign of recovery in the country.
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