Indian Stock Market Weekly Update (19- 23 Dec)
Indian Stock Market Weekly Update (19- 23 Dec): The Indian stock market indexes fell sharply on Friday and ended the week with deep cuts, extending losses for the third straight week. The domestic market sentiments were hit due to weak global cues. Markets fell four out of five trading sessions during the week.
The domestic markets started the week on a positive note but the Bank of Japan’s tweaking of its ultra-loose monetary policy on Tuesday hit the global market sentiments first. The stronger economic data in the US elevated the fear of aggressive interest rates for a longer period and triggered recession worries. The rising covid cases in China and several other countries added huge selling pressure in the markets in the last two days.
The pharma sector closed in the green while the PSU banking, media, metals, and realty sectors fell 6-10% during the week. Foreign institutional investors were the net sellers, they sold Rs 979.48 crore worth of shares in the Indian equity cash segment while DIIs bought Rs 8545.06 crore during the week.
Indian Stock Market Indexes ( 19- 23 Dec)
On a weekly basis, Indian equity benchmarks closed lower by over 2 percent. Sensex declined 1492.52 points or 2.43%, and closed at 59845.29, while the Nifty was down by 462.2 points or 2.53%, and ended at 17806.8 levels. The Bank Nifty index fell sharply lower for the week by 1551.45 points or 3.59 % and finished at 41668.05 levels.
The broader markets underperformed the benchmarks during the week. The Nifty midcap index fell by 1852.45 points or 5.79 percent, and at 30157.65 levels. The Nifty small-cap index tanks 834.9 points or 8.35 percent and ended at 9182.55 levels during the week.
Nifty 50 weekly top gainers and losers
Weekly Nifty 50 Top Gainers | |||
Company Name | LTP | Previous Close | Change (%) |
Divis lab | 3498.45 | 3326.90 | 5.16 |
Apollo Hospital | 4700.15 | 4565.15 | 2.96 |
Cipla | 1119.15 | 1089.40 | 2.73 |
Nestle | 20132.75 | 19738.70 | 2.00 |
Sun Pharma | 1001.55 | 993.65 | 0.80 |
Weekly Nifty 50 Top Losers | |||
Company Name | LTP | Previous Close | Change (%) |
Tata Motors | 378.35 | 421.60 | 10.26 |
Adani Enterprise | 3642.20 | 3980.80 | 8.51 |
Tata Steel | 102.25 | 111.05 | 7.92 |
Adani Ports | 794.10 | 860.45 | 7.71 |
UPL | 711.20 | 770.45 | 7.69 |
Mid-cap weekly top gainers and losers
NSE Weekly Nifty Midcap Top Gainers | |||
Company Name | LTP | Previous Close | Change (%) |
Abbot India | 21797.25 | 20672.80 | 5.44 |
Lupin | 756.75 | 729.30 | 3.76 |
Zydus Lifesc | 420.30 | 407.90 | 3.04 |
NSE Weekly Nifty Midcap Top Losers | |||
Company Name | LTP | Previous Close | Change (%) |
Adani Wilmar | 499.65 | 636.25 | 21.47 |
Union Bank | 67.55 | 84.70 | 20.25 |
Yes Bank | 17.45 | 21.20 | 17.69 |
Small-cap weekly top gainers and losers
NSE Weekly Nifty Smallcap Top Gainers | |||
Company Name | LTP | Previous Close | Change (%) |
UTI AMC | 829.85 | 771.25 | 7.60 |
Brigade Entr | 471.20 | 455.05 | 3.55 |
Glenmark | 429.15 | 417.80 | 2.72 |
NSE Weekly Nifty Smallcap Top Losers | |||
Company Name | LTP | Previous Close | Change (%) |
Deepak Fertilizer | 637.10 | 820.65 | 22.37 |
Bank of Maha | 26.10 | 32.35 | 19.32 |
Easy Trip Plan | 45.55 | 55.50 | 17.93 |
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