Stock Market Weekly Recap – Top Gainers & Losers
Indian Stock Market Weekly Recap (6 – 10 June): The Indian stock market moves downward for the week ended 10 June. The Nifty and Sensex were down more than 2% during the week. Indian markets were down as RBI raised the interest rate by 50 bps which was widely expected, but sentiments dampened after the inflation forecast was revised upward.
The continuous selling by the FIIs, the weakness in the rupee against the dollar, the surges in crude oil prices, and the pessimistic global cues weighed on sentiments last week. However, the downside was capped as the export data for the 1st week of June shows some improvement and the country’s foreign exchange reserve tops the $600 billion mark again for the week ended May 27.
On a weekly basis, the Auto sectors gained nearly a percent while the Financial and IT sectors closed lower by 2.96 percent and 2.64 percent respectively. FIIs were the sellers and DIIs were buyers in the equity cash segment. FIIs sold Rs 12662.47 crore and DIIs bought Rs 9611.44 crore in the equity cash market last week ended June 10.
Indian Stock Market Indexes – (6 – 10 June)Weekly Analysis
On a weekly basis, Sensex declined 1465.79 points or 2.63%, and closed at 54303.44, while the Nifty was down by 382.5 points or 2.30%, and ended at 16201.8 levels. The Bank Nifty on the spot price closed lower by 791.25 points or 2.24 % on a weekly basis and finished at 34483.8 levels.
The broader markets also declined during the week following their larger peers. The Nifty midcap index was down by 447.55 points or 1.60 percent and closed at 27575.8 levels. The Nifty small-cap index closed lower by 255.05 points or 2.77 percent and ended at 8955.2 levels during the week.
Nifty 50 weekly top gainers and losers
| NSE Weekly Nifty 50 Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| ONGC | 164.65 | 151.60 | 8.61 |
| Bajaj Auto | 3881.00 | 3672.70 | 5.67 |
| Apollo Hospital | 3700.50 | 3588.80 | 3.11 |
| Maruti Suzuki | 7935.10 | 7705.05 | 2.99 |
| JSW Steel | 572.50 | 562.45 | 1.79 |
| NSE Weekly Nifty 50 Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Shree Cement | 19178.85 | 20638.00 | 7.07 |
| Asian Paints | 2708.75 | 2886.90 | 6.17 |
| Bajaj Finance | 5667.50 | 6028.20 | 5.98 |
| Hindalco Ind | 385.75 | 406.75 | 5.16 |
| Britannia Inds | 3360.85 | 3530.00 | 4.79 |
Weekly Nifty Midcap top gainers and losers
| Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Oil India | 300.20 | 250.95 | 19.63 |
| Sona BLW Precis | 601.55 | 573.00 | 4.98 |
| TVS Motor Co | 763.65 | 730.30 | 4.57 |
| Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Gujarat Gas | 483.40 | 556.85 | 13.19 |
| LIC Hsg Fin | 334.65 | 374.50 | 10.64 |
| PB Fintech | 590.75 | 659.30 | 10.40 |
Weekly Smallcap top gainers and losers
| Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| PNB Housing | 369.45 | 329.40 | 12.16 |
| TV18 broadcast | 44.75 | 40.55 | 10.36 |
| Cams Services | 2587.90 | 2401.00 | 7.78 |
| Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Medplus Health | 753.20 | 875.25 | 13.94 |
| Amber Enterprise | 2308.25 | 2621.85 | 11.96 |
| Century Textiles | 794.00 | 889.10 | 10.70 |
Global stock market updates for the week
The global markets closed mixed during the week ended 10 June. European and the US market indexes were closed lower while Japan and Chinese markets gained during the week.
The US and European stock market updates
The US equity markets finished with steep losses despite some early-week strength. The heavy selling started on Thursday afternoon and accelerated on Friday following the release of record-high inflation data for May. The market sentiments were hit as major retailers struggled with mismatches of supply and demand after Target Corporate estimates lower profit last Tuesday.
The inflation data was the focus of the week and the report showed that it hit 8.6% in May, a new four-decade high. The market sentiment was subdued as investors were fearing that high inflation will pressurize Federal Reserve to raise rates aggressively, which will ultimately slow down the economy. The US Treasury yields climbed sharply after the CPI data was released on Friday.
European stock market indexes fell sharply after the European Central Bank (ECB) signaled an interest rate hike in July and may go for an aggressive in September if required. Further, the central bank has also confirmed to end the bond-buying program on July 1, lower the economic growth outlook, and raised the inflation forecast. German’s industrial order fell for the third consecutive month in April hitting the market sentiments during the week.
Japan and Chinese stock market updates
Japan’s registered marginal gains during the week ended June 10. The sentiment was supported by the government data showing the economy shrunk less than the initial estimate of a contraction. The reopening to tourism also provided a further boost in the market sentiment. BoJ confirmed to extend its support for economic development by continuing with current monetary easing helped the markets to register gains during the week.
China rallied during the week amid hopes for looser monetary policy and signs that Beijing was easing its years-long crackdown on the technology sector. On the economic data front, strong export data and improved service activities due to lifting covid restrictions also supported the market during the week.
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