Indian and Global stock market index closed higher during the week (14-18 Dec)

 

Stock Market Index updates ( 14-18 Dec): Indian stock market indices gained during the week ended 18 December at par with the global market index. The global market sentiments were positive throughout the week due to vaccine roll-out, US new stimulus package, and extension of post-Brexit trade deal talks beyond the deadline. Other than global cues positive macro data and strong FIIs inflow during the week has also boosted the domestic market sentiments.

On a weekly basis, Nifty 50 gained 246.7 points or 1.83% and at 13760.55 while Sensex climbed 861.68 points or 1.87 % and at 46960.69. Bank Nifty on the spot level closed higher by 109.8 points or 0.36 % and ended at 30714.65. 

The Nifty midcap and smallcap 100 indices also supported the market. The Nifty midcap 100 up by 360.25 points or 1.77 % and at 20797.45 while smallcap gained 133.75 points or 1.97 % and at 6957.7.

 

Weekly Nifty 50 index gainers and losers

 

Weekly NSE Nifty 50 index Top Gainers
Company Name	LTP	Previous Close	Change (%)
Bajaj Finance	5252.50	4843.85	8.44
HDFC	2479.40	2295.90	7.99
Larsen & Toubro	1281.55	1194.30	7.31
UPL	460.30	435.00	5.82
Titan Company	1519.35	1442.40	5.33
Weekly NSE Nifty 50 index Top Losers
Company Name	LTP	Previous Close	Change (%)
Maruti Suzuki	7559.75	7733.55	2.25
IndusInd Bank	905.20	923.75	2.01
HUL	2333.45	2374.75	1.74
Hero MotoCorp	3135.30	3185.30	1.57
HDFC Life	654.10	664.50	1.57

 

Nifty midcap and smallcap index gainers and losers

 

Weekly NSE Nifty Midcap 100 Gainers
Company Name	LTP	Previous Close	Change (%)
Page Industries	28217.50	23557.90	19.78
L&T Technology	2203.65	1846.20	19.36
Weekly NSE Nifty Midcap 100 Losers
Company Name	LTP	Previous Close	Change (%)
Guj St Petronet	217.35	232.40	6.48
Union Bank I	31.10	33.15	6.18
Weekly NSE Nifty Smallcap 100 Gainers
Company Name	LTP	Previous Close	Change (%)
Vakrangee	57.20	47.95	19.29
BEML	917.55	771.40	18.95
Weekly NSE Nifty Smallcap 100 Losers
Company Name	LTP	Previous Close	Change (%)
Thyrocare Tech	959.60	1028.70	6.72
Lemon Tree Hotel	41.85	44.40	5.74

 

News that impacted the Indian stock market index during the week

 

Indian stock market started the week on a positive note with the news of strong IIP data for the month of October. The increase in WPI numbers announced on Monday morning created negative sentiments for some time but later it recovered. 

The Indian equity market index opened on a flat note on Tuesday even after the reports of ease in retail inflation. The negative global cues impacted the domestic market sentiments on Tuesday but in the last hour, markets closed positive.

The market opened strongly on Wednesday with the support of positive Asian market cues. The news of S&P Global rating’s revision of the Indian growth forecast has also created positive market sentiments on Wednesday. The upper side remained capped as the advance tax collection dropped till 15th December.

Indian stock markets closed almost flat on Thursday and Friday as traders were concerns about rising coronavirus cases, strict lockdown, and global economic growth Traders were also concerned about the US stimulus package and post-Brexit trade deal.

 

 

 

 

 

 

 

 

 

Global market index updates

 

US stocks market index closed higher during the week ended 18 December. The major indices touch record high as expectation grew for the passage of the new coronavirus package. After weeks of stalled negotiation, a sign of progress of a new stimulus package of roughly USD 900 billion could be announced soon.

The rollout of Pfizer and BoiNtech vaccine last Monday and the outcome of the FOMC meeting and its bond-buying announcement has boosted the market sentiments. However, the upside remained capped after the news of contraction of retail sales and weekly jobless claims reached the highest level since September.

The European market index also closed higher on a weekly basis. The optimism to rollout the coronavirus vaccine in the European region, better than expected PMI data, and hopes of the US new stimulus package boosted the market sentiments last week.

However, traders were concern about the rising coronavirus cases in the region and tighter lockdown in German, Italy. The negotiation on post-Brexit trade deal talks and not reaching any consensus has also created some pessimism in the European stock market index during the week.

Asian market Index updates

The other Asian market index, Japan’s Nikkei also rose marginally during the week. The Japanese government lowered its GDP growth forecast for the current fiscal year to a 5% contraction from its earlier forecast of 4.5% contraction. This is due to the resurgence of coronavirus infection and reimposed of restriction on business activity in the region. Chinese stock market index Shanghai also closed higher on a weekly basis even after the fresh tension with the US 

You can visit again tomorrow to read the Key factors that are going to impact the Indian stock market index next week.

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Happy Weekend!!

Editor’s Desk