Stock Market Weekly Recap -Top Gainers & Losers
Indian Stock Market Weekly Recap (11- 15 July): Indian markets snapped a three-week winning streak and closed lower by more than 1 percent during the week. The sentiments were negative due to higher inflation data reported in the US, fear of global recession, weak quarterly earnings, and the country’s higher trade deficit. However the downside was capped due to marginal ease of the country’s inflation, robust IIP data reported during the week.
Out of the five trading days, markets logged only one positive session in the last week. The IT and Bank Nifty fell the most during the week, whereas the Energy, Pharma, and Realty gained. FIIs were the net sellers, they sold Rs 5916.01crore whereas DIIs were the net buyers and they bought Rs 2146 crore in the equity cash segment.
Weekly Indian Stock Market Indexes (11- 15 July)
On a weekly basis, Sensex declined 721.06 points or 1.32%, and closed at 53760.78, while the Nifty was down by 171.4 points or 1.06%, and ended at 16049.2 levels. The Bank Nifty on the spot price closed lower by 441.4 points or 1.26 % on a weekly basis and finished at 34682.65 levels.
The broader markets closed mixed during the week. The Nifty midcap index gained by 368.2 points or 1.33 percent and closed at 28017.25 levels. The Nifty small-cap index closed marginally lower by 5.75 points or 0.07 percent and ended at 8724.35 levels during the week.
Nifty 50 weekly top gainers and losers
| Weekly Nifty 50 Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| NTPC | 149.75 | 143.70 | 4.21 |
| ONGC | 126.55 | 121.50 | 4.86 |
| Tata Consumer | 790.55 | 761.40 | 3.83 |
| Maruti Suzuki | 8778.05 | 8475.95 | 3.56 |
| Eicher Motors | 3034.00 | 2931.60 | 3.49 |
| Weekly Nifty 50 Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| HCL Tech | 883.15 | 983.55 | 10.21 |
| TCS | 2994.60 | 3265.45 | 6.24 |
| Bharti Airtel | 651.80 | 695.15 | 6.02 |
| Wipro | 393.85 | 419.10 | 5.55 |
| Infosys | 1430.35 | 1514.45 | 5.13 |
Midcap weekly top gainers and losers
| NSE Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| IDBI Bank | 35.25 | 31.60 | 11.55 |
| Adani Total Gas | 2807.70 | 2540.80 | 10.50 |
| Hindustan Zinc | 285.35 | 263.05 | 8.48 |
| NSE Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Dr Lal Path Lab | 1965.75 | 2178.05 | 9.75 |
| Persistent System | 3141.85 | 3397.80 | 7.53 |
| PB Fintech | 524.15 | 564.05 | 7.07 |
Smallcap weekly top gainers and losers
| NSE Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Anupam Rasayan | 733.15 | 621.90 | 17.89 |
| HFCL | 67.10 | 57.90 | 15.89 |
| KEC Intel | 473.60 | 411.10 | 15.20 |
| NSE Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Tanla platforms | 907.90 | 1010.70 | 10.17 |
| Birlasoft | 309.60 | 343.65 | 9.91 |
| Mastek | 1965.70 | 2146.65 | 8.43 |
Global stock market updates for the week (11 – 15 July)
The major global markets closed mixed during the week ended 15 July. The inflation data and the Central Banks monetary policy tightening dominated the market sentiments last week.
The US and European Stock Market Weekly Updates
The US stock market key indexes were closed marginally lower during the week. The market sentiments were negative in anticipation of higher inflation data even before the report was released. The markets then sharply corrected after the hotter-than-expected inflation data was released on Wednesday. Headline producer price inflation in the US also rose more than expected and at its highest pace since March.
Investors were in fear and trying to assess how Fed officials will need to control inflation with concerns over the potential recession. However, the US major indexes rallied on Friday and trimmed their weekly losses on a fresh round of bank earnings and data showing that retail sales climbed more than expected in June.
European major stock market indexes were closed mixed during the week as central banks stepped up monetary policy tightening by raising the interest rate, which increases fears of a global recession. Core euro zone bonds fell on worries that Russian gas might push the economy into recession. The euro falls below the US dollar for the first time in 20 years as fears of a global recession intensified.
The European Commission lowered its economic growth forecast for Europe due to higher inflation and the continued adverse impact of Russia’s invasion of Ukraine. However, the downside was limited as the UK’s economy unexpectedly grows in the month of May after contracting in April.
Japan and China Stock Market Weekly Updates
Japan’s Nikkei registered gains during the week. The dovish stance of the Bank of Japan supported the markets. The governments also planning to restart as many as nine nuclear reactors to ease concerns about a power shortage and to continue to open the Japan border for tourism.
Chinese stock market index fell during the week ended 15 July, as GDP data for the June quarter grew worse than expected. The growing movement among homebuyers to stop paying their mortgages also hurt property and banking shares during the week. However, the downside remained capped as other economic data released during the week showed growth.
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