Weekly Global and Indian Stock Markets Analysis
Weekly Analysis- Indian & Global Stock Markets (16 – 20 May): Indian stock markets were highly volatile during the week ended 20 May 2022. Sensex and Nifty snapped a five-week losing streak and gained around 3 percent for the week. On the sectoral front, barring IT, all other sectoral indices closed in the green, with metal, auto, and FMCG gaining the most. The broader markets also gained in line with their larger peers.
The domestic markets gained with the support of positive Asian market cues. The news of the reopening of businesses in Shanghai and the China bank key rate cut boosted the market sentiments during the week. However, the upside remained capped due to the fear of global recession, as United Nations significantly lowered its forecast for global economic growth in the current year from 4 percent to 3.1 percent.
Weekly Indian Stock Market Indexes (16-20 May )
On a weekly basis, Sensex gained 1532.77 points or 2.90%, and closed at 54326.39, while the Nifty jumped by 484 points or 3.06%, and ended at 16266.15 levels. The Bank Nifty on the spot price closed higher by 1155.05 points or 3.49 % on a weekly basis and finished at 34276.4 levels.
The broader markets also closed higher in line with their larger peers for the week. The Nifty midcap index was up by 786.55 points or 2.90 percent and closed at 27872.2 levels. The Nifty small-cap index also gained 339.45 points or 3.86 percent and ended at 9136.1 levels during the week.
Weekly Nifty 50 top gainers and losers
| NSE Weekly Nifty 50 Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Eicher Motor | 2707.80 | 2432.65 | 11.31 |
| Hindalco | 429.10 | 388.00 | 10.59 |
| Coal India | 185.95 | 168.70 | 10.23 |
| Adani Ports | 767.55 | 705.90 | 8.73 |
| Dr Reddy’s Lab | 4249.10 | 3924.30 | 8.28 |
| NSE Weekly Nifty 50 Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Tech Mahindra | 1130.90 | 1202.85 | 5.98 |
| TCS | 3293.00 | 3414.90 | 3.57 |
| Infosys | 1455.15 | 1504.40 | 3.27 |
| Power Grid | 229.05 | 236.30 | 3.07 |
| Shree Cement | 22001.20 | 22565.35 | 2.50 |
NSE weekly mid-cap top gainers and losers
| NSE Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| JSW Energy | 293.35 | 247.15 | 18.69 |
| Hind Aeronautics | 1757.20 | 1509.90 | 16.38 |
| BHEL | 53.10 | 46.30 | 14.69 |
| NSE Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Dr. Lal Path Lab | 1963.25 | 2285.25 | 14.09 |
| Metropolises Health | 1742.20 | 2016.25 | 13.59 |
| Honeywell Auto | 31470.90 | 34332.15 | 8.33 |
NSE weekly small-cap top gainers and losers
| NSE Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| JK Lakshmi Cement | 493.75 | 385.95 | 27.93 |
| IRB Infra | 234.25 | 193.60 | 21.00 |
| Aegis Logistics | 225.75 | 190.85 | 18.29 |
| NSE Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Amber Enterp | 2717.10 | 3379.45 | 19.60 |
| Brightcom Group | 56.15 | 63.10 | 11.01 |
| Route Mobile | 1285.90 | 1404.20 | 8.42 |
Weekly Analysis- Global Markets
The global markets closed mixed during the week. Asian markets mostly closed higher while the US and European markets ended in the red for the week ended 20 May 2022. The US market indexes ended lower during the week, as fear grew that elevated inflation was causing consumers to restrict discretionary spending, setting the stage for a coming recession.
The US market sentiments got hit after the earnings from the large retailer disappointed last week. The economic data released during the week gave a mixed signal that recession is imminent.
European markets declined during the week ended 20 May as investors were fear of slowing economic growth and faster interest rate hikes. The market sentiments were downbeat due to UK retail inflation reported at 40 year high in April whereas the unemployment dropped and retail sales increased. The European Commission cuts the 2022 GDP growth forecast due to a surge in energy prices.
Japan and China’s market indexes rose during the week as the regional market sentiments boosted at the end of the week. The Asian markets sentiments improved on Friday, as China’s central bank cut interest rates to support the country’s flagging property sector as disappointing economic data weighed on sentiment.
FIIs and DIIs investment
Foreign Institutional investors (FIIs) were the sellers during the week ended 13 May, whereas the Domestic Institutional Investors (DIIs) continued their buying spree in the cash segment. FIIs sold Rs 11401.34 crores, while DIIs bought Rs 9472.91 crore in the cash market segment during the week ended 20 May.
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Happy Investing!!
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