Stock Market Analysis-This bank has gained 30% last week

 

Weekly Stock Market Analysis ( 11- 14 Oct ): The Indian stock market indexes continued their northward journey, gained more than 2 percent during the week ended 14 October. The broader markets outperformed the benchmark indices as Nifty midcap and smallcap indexes gained more than 3 percent. The markets started with an optimistic note on Monday and continued to trade positively during the truncated week.

The domestic markets gained due to positive economic data, support from global markets, FIIs inflow, and in-line corporate earnings so far. However, the upside remained capped due to the rise in crude oil prices.

 

Weekly Stock Market Indexes Analysis ( 11 – 14 Oct )

 

On a weekly basis, Sensex gained 1246.89 points or 2.07% and closed at 61305.95, while Nifty closed higher by 443.35 points or 2.48% and ended at 18338.55 levels. The Bank Nifty on the spot price also jumped 1565.65 points or 4.14 % on a weekly basis and finished at 39340.9 levels.

The midcap and smallcap indexes outperformed the benchmark indices last week, both indices closed in the green. The Nifty midcap index was gained 1065.75 points or 3.39% and closed at 32503.5 levels. The Nifty small-cap index was up 290.2 points or 3.68% and ended at 11595.9 levels

 

NSE weekly top gainers and losers

 

NSE Weekly Nifty Top Gainers
Company Name	LTP	Previous Close	Change (%)
Tata Motors	497.60	382.95	29.94
ITC	256.55	231.70	10.73
Adani Ports	812.80	739.90	9.85
Grasim	1752.50	1598.80	9.61
Power Grid Corp	204.65	187.70	9.03
NSE Weekly Nifty Top Losers
Company Name	LTP	Previous Close	Change (%)
TCS	3611.45	3935.65	8.24
HCL Technology	1251.15	1322.15	5.37
HDFC Life	693.80	722.10	3.92
Coal India	183.80	188.45	2.47
Bharti Airtel	685.80	695.50	1.39

 

NSE weekly mid-cap top gainers and losers 

 

NSE Weekly Nifty Midcap Top Gainers
Company Name	LTP	Previous Close	Change (%)
Tata Power	222.60	176.85	25.87
Union Bank	44.80	37.55	19.31
NSE Weekly Nifty Midcap Top Losers
Company Name	LTP	Previous Close	Change (%)
Prestige Estate	453.55	481.70	5.84
Vodafone Idea	10.75	11.35	5.29

 

NSE weekly small-cap top gainers and losers 

 

NSE Weekly Nifty Smallcap Top Gainers
Company Name	LTP	Previous Close	Change (%)
IDBI Bank	62.50	47.85	30.62
India Energy Exchange	793.10	695.90	13.97
NSE Weekly Nifty Smallcap Top Losers
Company Name	LTP	Previous Close	Change (%)
Chambal Fertiliser	383.35	434.45	11.76
Just Dial	935.05	1000.25	6.52

 

Weekly Global Stock Market Indexes

 

 

The US markets finished higher on a weekly basis on the back of strong economic signals and positive earnings surprises. The US market indexes started the week on a weak note and later gained momentum to the end, as evidence shows that supply pressures and inflation are at a peak. The ease of US treasury bond yields and declining delta variants also helped the US markets to close higher.

European markets rallied on optimism about the continuing economic recovery and strong corporate earnings. The core eurozone bonds yields finished lower last week and UK’s GDP in August grew due to the reopening of the hospitality industry also helped the markets to trade higher. However, the upside remained capped as eurozone Industrial Production fell in August due to supply chain bottlenecks and slowing global trades.

Japan’s stock market index closed higher during the week ended 14 October. The government its economic outlook report has retained its overall assessment for the Japanese economy as continuing to pick up, pointing to signs of recovery in private consumptions. The government also said that the pace of recovery was slowing due to the severe situation caused by the coronavirus pandemic. However, the report said the exports were increasing but at a slower pace.

China’s market index, Shanghai closed in the red as the economic expansion slowed in the third quarter. The energy crisis and concerns about property developers were the reason for last week’s dip in China’s market.

 

FIIs and DIIs investment

 

On a weekly basis, Foreign Institutional Investors (FIIs) were the net buyers and the Domestic Institutional Investors (DIIs) were the net sellers in the cash market segments. FIIs bought Rs 1037.37 crores while DIIs sold Rs 3296.75 crore in the cash market segment during the week ended 14 October. 

 

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Happy Investing!!

Editor’s Desk