Sensex and Nifty end almost 1% lower on a weekly basis
Weekly Market Indices- Sensex and Nifty: Indian stock markets closed almost one percent lower during the week ended 14 May. The domestic markets fell due to the negative cues from the global markets, FIIs & DIIs selling, and concerns about the economic impacts due to extended lockdown and restrictions imposed by several states. The markets have ignored the ease of CPI inflations and positive IIP data.
The Indian markets started the week on an optimistic note due to positive Asian market cues and strong export data. Domestic markets fell on Tuesday and Wednesday of the week due to weak global cues. Indian markets were closed on Thursday on account of the Id-ul-Fitr holiday. Markets closed almost flat after a volatile trading session of Friday.
Weekly Stock Market Indices- Sensex and Nifty
On a weekly basis, Sensex declined 473.92 points or 0.96% and closed at 48732.55 levels while Nifty closed lower by 145.35 points or 0.98% and ended at 14677.8 levels. The Bank Nifty on the spot price fell 734.95 points or 2.23 % on a weekly basis and finished at 32169.55 levels.
The midcap and smallcap indexes closed mixed during the week ended 14 May. The Nifty midcap index was down by 182 points or 0.74% and closed at 24363.65 levels. The small-cap index closed higher by 21.85 points or 0.25 % and ended at 8759.05 levels
Weekly Nifty top gainers and losers
| Weekly Nifty Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| UPL | 743.30 | 629.40 | 18.10 |
| Asian Paints | 2774.50 | 2551.65 | 8.73 |
| Coal India | 146.80 | 136.85 | 7.27 |
| IOCL | 101.05 | 94.70 | 6.71 |
| Power Grid | 228.85 | 214.55 | 6.67 |
| Weekly Nifty Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| JSW Steel | 707.10 | 756.95 | 6.59 |
| Grasim Inds | 1367.00 | 1449.60 | 5.70 |
| Hindalco | 382.80 | 401.10 | 4.56 |
| Adani Port | 733.55 | 767.75 | 4.45 |
| Axis Bank | 685.00 | 716.75 | 4.43 |
Weekly Nifty midcap stocks top gainers and losers
| Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| BHEL | 68.00 | 57.80 | 17.65 |
| Bank Of India | 74.25 | 67.65 | 9.76 |
| Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Jindal Steel | 417.30 | 479.90 | 13.04 |
| SAIL | 127.15 | 144.25 | 11.85 |
Weekly Nifty smallcap stocks top gainers and losers
| Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Chambel Fert | 270.45 | 219.05 | 23.46 |
| SPARC | 222.20 | 184.90 | 20.17 |
| Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Happiest Minds | 728.50 | 833.55 | 12.60 |
| Sterling & Wils | 269.75 | 307.15 | 12.18 |
Weekly global stock markets updates
Most of the global markets declined during the week ended 14 May due to fear of rising inflation in the US. The inflation worries dragged stocks from their record high in the US during the week. The Consumer Price Index (CPI) inflation in the U.S rose to 4.2% in April.
The US markets made a partial recovery in the late week after Federal Reserve officials assured that the higher inflation is temporary and will not prompt any sudden shift in monetary policy. Meanwhile, the US Bond yields also raised but stayed below recent peaks.
The European markets also fell with the global markets due to the concern about rising inflation in the US. The market sentiments were subdued as investors were worried that the interest rate could increase in the US due to higher inflation. Traders were also concerns about the Indian variant of coronavirus as the European government has stopped all nonessential travel from India to limit the spread.
The European market trimmed its losses later during the week after the European Commission (EC) has revised its economic growth forecast. The revision was due to fast progress in vaccination, easing of lockdown and restrictions in the region, and increasing demand. Further, the downside remained capped as UK’s gross domestic product in March grew stronger than expected.
Japanese market fell sharply during the week ended 14 May. The negative global cues and state of emergency extension due to coronavirus cases dragged down the Japanese Index Nikkei. However, the downside of the market was capped due to consumer demand rebounded strongly. The Chinese market index Shanghai closed higher during the week ended 14 May.
FIIs and DIIs Investment in the cash market
On a weekly basis, Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) both were sellers in the cash market segments. FIIs sold Rs 3620.75 crores while DIIs sold Rs 1244.03 crores in the cash market segment during the week ended 14 May.
On a monthly basis, FIIs sold Rs 8713.25 crores and DIIs bought only Rs 891.20 crores in the cash market.
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Happy Investing!!
Editor’s Desk
