Weekly Stock Market Analysis- This stock gained 40% last week
Weekly Stock Market Indexes & analysis ( 18 – 22 Oct ): The Indian stock market indexes declined almost a percent during the week ended 22 October. The broader markets underperformed last week as midcap and smallcap indexes were down more than 4 and 5 percent respectively.
Indian markets declined due to profit booking at higher levels, FIIs and DIIs outflow, rising US bond yields, and worries about higher inflation. However, positive global cues and better than expectations of some corporate’s Q2 earnings capped the market downside during the week
Weekly Stock Market Indexes ( 18 – 22 Oct)
On a weekly basis, Sensex declined 484.33 points or 0.79% and closed at 60821.62, while Nifty closed lower by 223.65 points or 1.22% and ended at 18114.9 levels. The Bank Nifty on the spot price jumped 982.75 points or 2.5 % on a weekly basis and finished at 40323.65 levels.
The midcap and smallcap indexes underperformed the benchmark indices last week, both indices closed in the deep red. The Nifty midcap index was down by 1421.05 points or 4.37% and closed at 31082.45 levels. The Nifty small-cap index was fell 622.5 points or 5.37% and ended at 10973.4 levels
NSE weekly top gainers and losers
| NSE Weekly Nifty Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Kotak Mahindra Bank | 2171.40 | 2017.80 | 7.61 |
| Tech Mahindra | 1517.45 | 1430.80 | 6.06 |
| ICICI Bank | 759.30 | 727.30 | 4.40 |
| HDFC | 2903.95 | 2808.75 | 3.39 |
| State Bank Of India | 502.95 | 490.60 | 2.52 |
| NSE Weekly Nifty Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Asian Paints | 2982.40 | 2397.80 | 9.56 |
| Hindalco | 470.45 | 516.10 | 8.85 |
| Eicher Motors | 2612.55 | 2853.20 | 8.43 |
| ITC | 236.60 | 256.55 | 7.78 |
| Hindustan Unilever | 2454.10 | 2649.55 | 7.38 |
NSE weekly mid-cap top gainers and losers
| NSE Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Federal Bank | 103.90 | 93.10 | 11.60 |
| Indian Bank | 182.50 | 164.50 | 10.94 |
| NSE Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Laurus Lab | 536.50 | 651.00 | 17.59 |
| Indiamart Inter | 7911.75 | 9428.90 | 16.09 |
NSE weekly small-cap top gainers and losers
| NSE Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Rail Vikas | 43.05 | 30.65 | 40.46 |
| Tanla Platforms | 1063.25 | 922.45 | 15.26 |
| NSE Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| DCM Sriram | 935.10 | 1191.10 | 21.49 |
| Balaji Amines | 3547.00 | 4464.70 | 20.55 |
Weekly Global Stock Market Indexes
The US markets traded mostly higher during the week ended 22 October and closed on a positive note. The better than expected quarterly earnings helped to counter the rising inflation concerns last week. The hopes of the additional fiscal stimulus also boosted the market sentiments during the week. However, mixed economic data and rising bond yields capped the market upside last week.
European market indexes rose on optimism about corporate earnings season offset worries about the potential risks of tightening monetary policy and higher inflation. However, the economic data that showed a slow down in business activity in the eurozone capped the market upside.
Japan’s index Nikkei registered losses during the week ended 22 October. The country’s export growth decelerated sharply in September whereas imports rose for the eighth consecutive month. The downside remains capped as activity at private sector businesses returns to expansion territory.
China’s Shanghai gained on a weekly basis after officials sought to calm fears about the property sector and China Evergrande Gropu made a delayed bond interest payment. The market sentiments were downbeat initially during the week due to lower than expected GDP data, downgrade ratings of property developers and energy crunch.
FIIs and DIIs investment
On a weekly basis, Foreign Institutional Investors (FIIs) and the Domestic Institutional Investors (DIIs) were the net sellers in the cash market segments. FIIs sold Rs 7353.04 crores while DIIs sold Rs 4504.4 crore in the cash market segment during the week ended 22 October.
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