Stock Market Weekly Recap – Top Gainers & Losers
Indian Stock Market Weekly Recap (2 – 6 May): Indian stock market closed sharply lower during the holiday-shortened week that ended on 6 May. The sentiment became negative after RBI surprisingly hike the interest rate on Wednesday to control high inflation. The US Fed and BoE also hike the interest rate during the week due to curb inflation.
The weak global cues, FIIs selling, and diversion of funds from equity to the largest LIC IPO dented the market sentiments for the week. The concern about slow economic growth due to the lockdown in China, the surge in inflation, and Ukraine crisis also weigh on the market sentiments.
Weekly Indian Stock Market Indexes (2- 6 May)
On a weekly basis, Sensex declined 2225.29 points or 3.90%, and closed at 54835.58, while Nifty closed lower by 691.3 points or 4.04%, and ended at 16411.25 levels. The Bank Nifty on the spot price closed lower by 1496.95 points or 4.15 % on a weekly basis and finished at 34591.2 levels.
The broader markets underperformed as compared to benchmark indices for the week. The Nifty midcap index was down by 1296.15 points or 4.34 percent and closed at 28584.2 levels. The Nifty small-cap index was also down 697.8 points or 6.77 percent and ended at 9559.15 levels during the week.
Weekly Nifty 50 top gainers and losers
| NSE Weekly Nifty 50 Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Power Grid | 238.40 | 227.75 | 4.68 |
| ONGC | 166.95 | 160.45 | 4.05 |
| ITC | 266.65 | 259.55 | 2.74 |
| Tech Mahindra | 1290.75 | 1259.00 | 2.52 |
| Coal India | 187.40 | 182.85 | 2.49 |
| NSE Weekly Nifty 50 Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Apollo Hospital | 3827.35 | 4454.35 | 14.08 |
| Eicher Motors | 2362.45 | 2630.35 | 10.18 |
| Titan Company | 2208.75 | 2458.20 | 10.15 |
| Bajaj Finance | 6000.30 | 6671.80 | 10.06 |
| Bajaj Finserve | 13640.50 | 14911.15 | 8.52 |
Weekly Nifty mid-cap top gainers and losers
| NSE Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Tata Chemical | 1032.50 | 940.15 | 9.82 |
| ABB | 2254.20 | 2096.55 | 7.52 |
| Gujarat Gas | 515.90 | 482.40 | 6.94 |
| NSE Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Voltas | 1069.30 | 1261.55 | 15.24 |
| Deepak Nitrate | 2028.60 | 2326.60 | 12.81 |
| Max Healthcare | 365.25 | 413.85 | 11.74 |
Weekly Nifty small-cap top gainers and losers
| NSE Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Amber Enterprise | 3725.05 | 3709.70 | 0.41 |
| NSE Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Angel One | 1452.50 | 1949.20 | 25.48 |
| Brightcom Group | 68.75 | 84.00 | 18.15 |
| TV18 Broadcast | 44.95 | 53.65 | 16.22 |
Weekly Global Stock Market Recap
The US market key indexes fell for the fifth consecutive week as the interest rate and inflation worries continued to weigh on market sentiments. The US market’s initial reaction was muted after Fed announced the policy, as the moves were largely in line with expectations, but the concerns of higher inflation corrected the market sharply the very next day.
The 10-year US Treasury note yield rose 3 percent for the first time since late 2018. Due to the market volatility, traders feel safe parking their funds in bonds rather than investing in equity. The US markets reacted negatively on Friday despite the non-farm payroll data reporting better than expected.
European market key indexes tumbled due to the fears of the Central Bank’s monetary policy tightening to control inflation. After the interest rate hike by BoE, more European Central Banks hinted at the possible rate hike in their next policy to control inflation. Investors are concerned that this would potentially increase the risk to economic growth. The continued lockdown in China to curb the covid cases and the Ukraine crisis also added to the uncertainty and dented the market sentiments.
Japan’s market index gained more than half a percent during the holiday-shortened week. Japan’s inflation is under control and below the BoJ target levels somewhat supporting the markets.
Chinese markets fell during the week as Beijing showed no sign of relaxing its zero-tolerance approach to the covid cases. Investors are worried about the economic cost of widespread lockdowns.
FIIs and DIIs investment
Foreign Institutional investors (FIIs) were the sellers during the week ended 6 May, whereas the Domestic Institutional Investors (DIIs) continued their buying spree in the cash segment. FIIs sold Rs 12733.46 crores, while DIIs bought Rs 8533.26 crore in the cash market segment during the week ended 6 May.
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Happy Weekend!!
Editor’s Desk
