Weekly highlights: NSE Nifty share price declined, Midcap and Smallcap closed higher

 

Weekly Highlights-NSE Nifty Share Price & BSE Sensex: It was very slow and dull weak for the Indian stock market in the week ended August 14th. The benchmark indices moved at a very short range whereas midcap and smallcap indices outperformed during the week. The NSE Nifty share price movement was only for 232 points or 2.34% for the whole week. It made a high at 11373 and low at 11111 levels. 

 

BSE Sensex & NSE Nifty share price last week

 

On a weekly basis, NSE Nifty share price fell at 36.01 points or 0.32% during the week and closed at 11178.04 while Sensex was declined by 163.27 points or 0.43% and at 37877.34 levels. The Bank Nifty was also marginally down during the week by 74.6 points or 0.34% and closed at 21679.4 levels.

The Nifty midcap and smallcap 100 indices outperformed the benchmark indices last week. The midcap index gained 279.9 points or 1.74% and closed at 16383.25. The Nifty smallcap index also gained 106.45 points or 2% and closed at 5369.35 levels.

 

NSE Top Gainers and Losers

Weekly NSE Nifty50 Gainers
Company Name	LTP	Previous Close	Change (%)
JSW Steel	265.35	240.20	10.47
Zee Entertainment	261.20	250.10	7.40
Larsen & Toubro	982.00	915.65	7.33
Adani Port	348.10	326.65	6.57
Cipla	771.80	728.65	5.92
Weekly NSE Nifty50 Losers
Company Name	LTP	Previous Close	Change (%)
Eicher Motor	20144.15	21807.35	7.63
Bharti Airtel	528.60	560.80	5.74
Bajaj Finance	3331.10	3464.30	3.84
Bajaj Finserv	6246.70	6467.15	3.41
Britannia Industries	3801.35	3934.80	3.39

 

Weekly NSE Nifty Midcap 100 Gainers
Company Name	LTP	Previous Close	Change (%)
Emami	327.45	257.30	27.26
Ashok Leyland	61.60	49.95	23.32
Weekly NSE Nifty Midcap 100 Losers
Company Name	LTP	Previous Close	Change (%)
RBL Bank	177.20	191.30	7.37
Aarti Industries	1008.35	1067.70	5.56

 

Weekly NSE Nifty Smallcap 100 Gainers
Company Name	LTP	Previous Close	Change (%)
IDFC	26.60	20.25	31.36
Lemon Tree Hotel	30.70	23.80	28.99
Weekly NSE Nifty Smallcap 100 Losers
Company Name	LTP	Previous Close	Change (%)
Aegis Logistics	190.35	208.35	8.64
Lak Mach Work	3049.85	3324.95	8.27

 

The News that moved market last week

 

Indian markets started with an optimistic mood last week with the news of increased foreign exchange reserves by $11.9 billion during (24th-31st July) week and increased in FDI.

The global markets were also supportive in the initial days of the week. The news of Russia’s coronavirus vaccine, the US stimulus package hopes, Japan wholesale price ( CGPI) better than expectation created positive sentiments in the market.

Then on 12th August, though the market overlooked the 16.6% contraction of  India’s Index of Industrial Production (IIP) data. But on Friday the 14th of August market reacted negatively on high inflation data (CPI & WPI) after WPI data was released. 

Quarterly Results of NSE Nifty50 Companies

 

Power Grid Corp-

On 10th August, the Power Grid Corp has reported an 18% fall in its consolidated profit after tax of Rs 2048 cr in Q1FY21. This is as against the profit after tax of Rs 2503 cr in the last year same period. The company’s revenue from the operations went up to Rs 9457 during the June end quarter from Rs 9180 cr in the same period last year.

The NSE share price of Power Grid Corp has reacted positively on 11th Aug after opening the market.

 

Titan Company

Titan company reported a net standalone loss of Rs 270 cr in Q1FY21. This is as against the company reported a profit of Rs 371 cr in the last year the same period. The company’s standalone revenue  April-June 20 end quarter declined 62.3% on YoY basis to Rs 1862 cr. as against last year’s same period.

The Titan Company’s  Q1FY21 result was announced on 10th August after the market. The NSE share price reacted negatively after the result but recovered at the end of the week.

 

BPCL-

The Company reported a 21.57% YoY increase in consolidated net profit at Rs 2187.74 cr for Q1FY21. This is as compared with Rs 1799.59 cr in the last year the same period. The consolidated net sales declined by 41.09% on YoY basis at Rs50,909.24 crore as compared to Rs 86412.87 cr last year the same period.

The company’s EBITDA  stood at Rs 4259.87 cr as compared to Rs 2981.84 cr last year the same period. The NSE share price of BPCL reacted negatively on the next day 14th Aug after the June end quarter result.

 

Eicher Motors-

Eicher Motors reported a 112.21% decline in the consolidated net loss of Rs 55.18 cr in Q1FY21. This as compared to the consolidated net profit of Rs 451.77 cr. The consolidated net sales in Q1FY21 were Rs 818.16 cr declined YoY by 65.65% from Rs 2381.92 cr in the last year the same period.

The company reported EBITDA levels at Rs 3.79 cr in Q1FY21 that decreased by 99.38% as against Rs 614.47 cr in the same period last year. 

The NSE share price of Eicher Motors reacted negatively after the announcement of the Q1FY21 result. Eicher Motors was the top loser in the Nifty50 index on a weekly basis.

 

GAIL-

The company reported a 57.24% decline in a consolidated net profit of Rs 642.97 cr on a YoY basis as compared to Rs 1503.67cr last year in the same period. The consolidated net sales declined by 34.09% in Q1FY21 at Rs 12180.62 cr from Rs 18481.56 cr in Q1FY20. The EBITDA level of the company stood at Rs 693.73cr in the June quarter that decreased by 70.57% on a YoY basis.

The NSE share price of GAIL reacted negatively after the Q1FY21 result announcement.

 

Grasim-

The Company reported a 66.6% YoY fall in its Q1FY21 net profit at Rs 620.7 cr. This is as compared to Rs 1859.6 cr. The company reported 32.2% down at Rs 13621.1 cr as compared to Rs 20103 cr in the last year the same period.

The NSE share price of the company reacted neutral after the Q1FY21 results announce.

 

Hero Motor Corp-

The company reported a 95.12% YoY decline in standalone net profit to Rs 61.31 cr for Q1FY21. This is compared to a net profit of Rs 1257.3 cr reported in the last year the same period with an exceptional gain of Rs 737.3 cr. The revenue from operation declined by 62.99% YoY to Rs 2971.54 cr

The NSE share price of Hero Motorcorp reacted negatively on the next day after the Q1FY21 results but recovered in the second half.

Hindalco-

The company on 14th August reported a standalone net loss at Rs 40 cr in Q1FY21 including a one-time loss of Rs 35 cr. This is against a profit of Rs 23 cr in the last year the same period. The revenue of the company was down by 26.2% YoY at Rs 7420 cr against Rs 10055 reported last year the same period.

The EBITDA was down by 20.2% at Rs 573 cr and margin was 7.7% on a YoY basis. The NSE share price of Hindalco reacted positively after the announcement of the Q1FY21 results on Friday 14th August 

 

NTPC-

The company’s net profit was down by 5.9% YoY at Rs 2948.9 cr in Q1FY21 included an exceptional loss of Rs 836.8 cr. This is as against Rs 3132.7 cr in the last year same period. The revenue of the company was down 2.6% at Rs 26194.8 cr against Rs 26886.2 cr in the same period last year.

The company’s EBITDA fell 21.6% at Rs 8947.7 cr and the margin was at 34.2%. The NSE share price of NTPC reacted positively after the announcement of its Q1FY21 results on 14th August.

 

Conclusions:

On a weekly basis, Indian markets were down marginally due to the fall on last Friday. The traders were cautious after CPI inflation and ahead of the WPI data on Friday to avoid losses. The global markets were also not supported due to China’s macro data disappointment and delay in the US stimulus package. 

You can also visit our website tomorrow for key factors that will influence the market and technical levels of NSE Nifty share price and Bank Nifty share price in futures for next week

 

You can also read, Your Stock Broker will never say these Hidden Charges.

Algo Trading Definition: Pros and Cons of Algorithmic trading

Min 40% OFF on Kindle eTextbooks 

 

Happy Investing!!

Editor’s Desk