Gainers & Losers- Weekly Stock Market Updates (5-9 July)
Weekly Stock Market Gainers & Losers (5 July – 9 July): Indian stock market indexes closed marginally lower during the week ended 9 July. The market sentiments were subdued due to sharp contraction in Service PMI data, FIIs outflow, weak cues from other Asian markets, and Fitch’s reduction in economic growth for the country. However, the downside remained capped as the foreign brokerage house Nomura has indicated that the country’s business activity has picked up for the sixth consecutive week, in its latest report. The broader markets outperformed the benchmark indices during the week.
Weekly Indian Stock Market Indexes
The Indian stock markets started the week on a positive note on Monday due to better than expected US employment data. On Tuesday the market traded flat notes in absence of any major trigger. The markets gained on Wednesday due to the FIIs inflow in equity markets. Indian markets declined in the last two days of the week due to weak global cues and Fitch’s rating reduction in Indian economic growth for FY22
On a weekly basis, Sensex declined 98.48 points or 0.19% and closed at 52386.19, while Nifty closed lower by 32.4 points or 0.21% and ended at 15722.2 levels. The Bank Nifty on the spot price gained by 262.05 points or 0.75 % on a weekly basis and finished at 35071.95 levels.
The mid-cap and small-cap indexes outperformed the benchmark indices on weekly basis. The Nifty midcap index was up 362.65 points or 1.34% and closed at 27382.75 levels. The Nifty small-cap index closed higher by 123.25 points or 1.24% and ended at 10026.35 levels
Weekly Nifty top gainers and losers
| Weekly NSE Nifty Top Gainers stocks | |||
| Company Name | LTP | Previous Close | Change (%) |
| Bajaj Finserve | 12854.75 | 11750.45 | 9.40 |
| Tata Steel | 1239.35 | 1136.00 | 9.10 |
| Hindalco Industries | 390.05 | 376.05 | 3.72 |
| IndusInd Bank | 1039.95 | 1009.65 | 3.00 |
| Ultratech Cement | 6899.55 | 6719.90 | 2.67 |
| Weekly NSE Nifty Top Losers stocks | |||
| Company Name | LTP | Previous Close | Change (%) |
| Tata Motors | 306.30 | 344.90 | 11.19 |
| Bajaj Auto | 3995.90 | 4175.35 | 4.30 |
| TCS | 3208.15 | 3325.45 | 3.53 |
| Tech Mahindra | 1051.75 | 1089.40 | 3.46 |
| Reliance Ind. | 2071.20 | 2129.05 | 2.72 |
Weekly NSE mid-cap top gainers and losers
| Weekly Nifty Midcap Stock Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Dhani Services | 201.50 | 175.05 | 15.11 |
| AU Small Finance | 1194.70 | 1138.85 | 15.00 |
| Weekly Nifty Midcap StockTop Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Natco Pharma | 1075.15 | 1150.00 | 6.51 |
| Union Bank | 36.75 | 39.05 | 5.89 |
Weekly NSE small-cap top gainers and losers
| Weekly Nifty Small cap Stock Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Rain Industries | 235.45 | 191.50 | 22.95 |
| Edelweiss Finance | 86.45 | 94.25 | 16.43 |
| Weekly Nifty Small cap Stock Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Sterling & Wils | 270.25 | 287.15 | 5.89 |
| APL Apollo Tubes | 1543.70 | 1630.15 | 5.30 |
Global stock market indexes- Weekly Updates
The major global market indexes mostly closed positive during the week ended 9 July. The US market indexes closed higher for the second consecutive week. US markets were closed on Monday on account of Independence Day. The major driver of sentiment during the week was the steep decline in U.S Treasury yields almost five-month low on Thursday before climbing back somewhat to end the week.
The economic report like Service PMI and weekly job data missed the expectation during the week. The Fed’s minutes for the last meeting has reconfirmed policymakers’ uncertainty on tapering had a muted impact on the market sentiments.
European markets also closed marginally higher during the week ended 9 July. The market remained capped on the higher side as traders were concern about the rapid spread of delta variants of Covid-19 its impact on global economic growth. The weak economic data in the UK and German also sparked concern about the economic outlook in the region.
Japan’s stock market index register sharp losses during the week ended 9 July. The market sentiments dampened during the week due to the surge in coronavirus cases in the region and its impact on the economic recovery. The Service sectors in Japan contracted in June, although at a slower pace compared to May. However, the downside of markets remained capped as Service PMI rose in June compared to the previous month, but still in contraction.
Chinese index Shanghai closed marginally higher during the week ended 9 July. China announced weak economic data announced during the week, Service PMI numbers and Inflation disappoints the traders last week.
FIIs and DIIs data
On a weekly basis, Foreign Institutional Investors (FIIs) were sellers and Domestic Institutional Investors (DIIs) were buyers in the cash market segments. FIIs sold Rs 2028.36 crores while DIIs bought only Rs 92.46 crore in the cash market segment during the week ended 9 July.
On a monthly basis in July, FIIs were sellers DIIs were buyers in the cash market. FIIs sold Rs 4256.45 crores and DIIs bought Rs 1903.45 crores in the cash market.
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