Weekly Stock Market Indexes & Analysis (20 – 24 Dec)
Weekly Stock Market Indexes & Analysis (20 Dec- 24 Dec): The Indian stock markets started the week with a sharp sell-off on Monday, for the week ended 24 December. Later markets recovered their early week’s losses and managed to close flat to positive. The broader markets underperformed the benchmark indices as the Nifty midcap index closed in the red while smallcap index was closed without any changes.
Indian market sentiments were subdued due to continuous selling pressure by FIIs, surges in Omicron worldwide including India, and rising inflation. Investors remain cautious and prefer to book profit after a hawkish move by central banks in the previous week and uncertainty about the impact of the new variant Omicron on global economic growth. However, DIIs have supported the markets, and the key benchmark indices managed to close in the green for the week ended 24 December.
Weekly Stock Market Indexes ( 20 Dec- 24 Dec )
On a weekly basis, Sensex was up by 112.57 points or 0.20% and closed at 57124.31, while Nifty closed higher by 18.55 points or 0.11% and ended at 17003.75 levels. The Bank Nifty on the spot price was down by 761.6 points or 2.14 % on a weekly basis and finished at 34857.05 levels.
The midcap and smallcap indexes underperformed as compared to the benchmark indices during the week ended 24 December. The Nifty midcap index was down by 326.45 points or 1.09% and closed at 29612.85 levels. The Nifty small-cap index was finished almost flat, lower by only 0.15 points, and ended at 10849.4 levels
NSE weekly top gainers and losers
| NSE Weekly Nifty Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| HCL Tech | 1265.20 | 1171.40 | 8.01 |
| Cipla | 908.30 | 860.20 | 5.59 |
| Tech Mahindra | 1723.80 | 1642.85 | 4.93 |
| UPL | 746.85 | 715.60 | 4.37 |
| Wipro | 698.45 | 670.80 | 4.12 |
| NSE Weekly Nifty Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| NTPC | 121.25 | 125.55 | 3.42 |
| Grasim Ind | 1610.90 | 1665.80 | 3.30 |
| BPCL | 372.15 | 384.70 | 3.26 |
| HDFC | 2534.55 | 2617.35 | 3.16 |
| Axis Bank | 667.50 | 688.90 | 3.11 |
NSE weekly mid-cap top gainers and losers
| NSE Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| SRF | 2315.95 | 2164.56 | 6.99 |
| JSW Energy | 302.35 | 286.80 | 5.42 |
| NSE Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Adani Total Gas | 1712.40 | 1861.60 | 8.01 |
| Shriram Transp | 1177.55 | 1273.70 | 7.55 |
NSE weekly small-cap top gainers and losers
| NSE Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Suzlon Energy | 8.10 | 6.80 | 19.12 |
| Vakrangee | 42.00 | 37.25 | 12.75 |
| NSE Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| CSB Bank | 229.25 | 256.60 | 10.66 |
| BEML | 1654.65 | 1784.75 | 7.29 |
Global Stock Market Weekly Analysis
Global stock markets were mostly closed in the green for the week ended 24 December. The US market indexes rebounded from the previous week’s losses on the hope that the Omicron variant might not be disruptive as feared. Trading volume was low ahead of Christmas Eve.
Moderna’s statement that its booster shot dramatically increase antibodies and is capable of targeting the new variant helped to support the US markets. However, the weak economic data and inflation worries capped the upside in the market.
Major European market indexes ended higher during the holiday-shortened week. Markets started with a weak note due to mounting concerns about the rapid spread of the omicron variant. Many European countries have reimposed tighter restrictions and lockdowns during the week. Despite the surge in omicron variants, most of the European markets recovered their losses and ended higher after Moderna clarified that its booster shot is effective against omicron variants.
The ECB kept its main policy rate unchanged but signaled to end the asset purchase program in March 2022. The economic data released during the week were mixed.
Japanese Index Nikkei 225 rebounded later during the week after a sharp sell-off was witnessed last Monday. Investors fear that global surges of new variants could result in stagflation and a slowdown in the country. The rally in technology and pharma shares has supported the market to rebound in the end.
China’s Shanghai Index closed marginally lower compared to the previous week. On Monday, The People’s Bank of China (PBOC) cut the one-year prime rate (PLR) for the first time in 20 months. The PBOC’s move was expected by economists but investors fear that the surges of new variants could dent the country’s economy.
FIIs and DIIs investment
The Foreign Institutional investors were the seller and the Domestic Institutional Investors (DIIs) were the buyers in the Indian stock markets. FIIs sold 6589.03 crores, whereas DIIs bought Rs 6915.56 crore in the cash market segment during the week ended 24 December.
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