Stock Market Indexes | Weekly Updates 5-9 Sept 2022
Indian Stock Market Indexes and Weekly Updates (5-9 Sept): The Indian stock market indexes ended the week with modest gains. The benchmark indices, Sensex and Nifty gained 1.68 percent each for the week ended 9 September. The domestic markets started the week on an optimistic note after the stronger than expected S&P Global Services PMI data was reported. The positive global cues, sustained buying by the FIIs, and a slide in crude oil prices also supported the Indian markets during the week.
The broader markets outperformed the benchmark indices during the week. Among the sectors, Nifty PSU Bank and IT were the top gaining sectors while Pharma and Financial Services were the losers. FIIs were the net buyers in the equity cash segment, they bought Rs 6136.66 crores while DIIs were the net sellers and sold Rs 352.1 crore during the week.
Weekly Indian Stock Market Indexes (5-9 Sept)
On a weekly basis, the Indian equity benchmark indices were closed higher. Sensex gained 989.81 points or 1.68%, and closed at 59793.14, while the Nifty was up by 293.9 points or 1.68%, and ended at 17833.35 levels. The Bank Nifty on the spot price gained added 994.7 points or 2.52 % and finished at 40415.7 levels.
The broader markets outperformed the benchmarks during the week. The Nifty midcap index advanced 633.6 points or 2.02 percent and closed at 32035.9 levels. The Nifty small-cap index closed higher by 319.3 points or 3.33 percent and ended at 9936.35 levels during the week.
Nifty 50 weekly top gainers and losers
| Weekly Nifty 50 Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Shree Cement | 24505.60 | 21088.40 | 16.20 |
| Tech Mahindra | 1126.65 | 1056.40 | 6.65 |
| Adani Ports | 906.85 | 851.95 | 6.44 |
| BPCL | 338.50 | 321.95 | 5.14 |
| Axis Bank | 784.85 | 750.20 | 4.62 |
| Weekly Nifty 50 Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Bajaj Auto | 3848.60 | 4030.90 | 4.52 |
| Tata Motors | 445.90 | 461.75 | 3.43 |
| Nestle India | 19051.25 | 19561.80 | 2.61 |
| Tata Consumer | 816.30 | 833.70 | 2.09 |
| Britannia Industries | 3649.50 | 3704.25 | 1.48 |
Mid-cap weekly top gainers and losers
| NSE Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Astral | 2594.15 | 2314.45 | 12.06 |
| Container Corp | 752.70 | 674.35 | 11.62 |
| Dixon Technology | 4540.05 | 4109.30 | 10.48 |
| NSE Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Escorts Kubota | 1983.80 | 2075.10 | 4.40 |
| Syngene Intl | 571.85 | 594.05 | 3.74 |
| Laurus Lab | 555.45 | 569.05 | 2.39 |
Small-cap weekly top gainers and losers
| NSE Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Angel One | 1582.55 | 1327.10 | 19.25 |
| JK Lakshmi Cement | 555.15 | 470.75 | 17.93 |
| Tanla Platforms | 873.60 | 742.55 | 17.65 |
| NSE Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| MMTC | 37.50 | 41.75 | 10.18 |
| Rain Industries | 185.65 | 196.60 | 5.57 |
| Brightcom Group | 41.10 | 43.00 | 4.42 |
Weekly Global Stock Market Indexes and Updates
The global stock market indexes ended higher during the week ended 9 September. European, the US, and key Asian market indexes closed on an optimistic note for the week.
The US and European Stock Market Updates
The US stock market indexes ended weekly gains after three straight weeks of losses, as investors were confident that the market has reached a temporary bottom after erasing about half of its summer rally. Investors’ fears of rising inflation have eased during the week as oil prices hit their lowest level since the Russia-Ukraine war. The positive economic data also supported the US markets and helped the indexes to closed higher during the week.
The summary reports of “Baige Book” released by the Fed last Wednesday showed some signs that inflation was cooling quicker than expected. The report indicated the price increases were moderating in nine of twelve districts due to low fuel and other commodity prices, and cooling demand. Further, some moderation in Chinese inflation on Friday helped to improve the market sentiments and supported the rally on the last day of the week.
European stock market indexes advanced during the week, as some countries announced plans to deal with the energy crisis and boost their economies. The pan-European Stoxx 600 finished higher by 1.06 percent for the week.
However, the upside remained capped as the ECB increased its key interest rates by a record 75 bps to tame inflation and indicated more rate hikes to tame inflation. Several countries including the UK and Germany have pledged huge support to cope with the energy cost after the energy crisis. Meanwhile, the Bank of England (BoE) Chief Economist Huw Pill indicated that the government’s energy bailout plan could force the central bank to hike interest rates further.
Asian Stock Market Weekly Updates
Japan’s stock market index rose during the week ended 9 September, as the government announced new measures to help the country to cope with rising inflation. The government announced a new package in October to support the country’s low-income households as well as to keep some commodity and food prices stabilized.
The Japanese Yen’s fallen to its lowest level in 24 years. However, the market sentiments were optimistic after GDP expanded by 3.5 percent at an annual rate in the second quarter, higher than the initial estimates of 2.2 percent growth.
China’s stock market indexes finished higher for the week as the inflation cools down and further government support prompted investors to return as buyers. China consumer and factory gate inflation cools down in August as compared to the previous month
If you like the post “Stock Market Indexes | Weekly Updates 5-9 Sept 2022” please share it with others.
You may also like to read, Tradingview India Review 2022- You Must Read
5 Best Stock Market Books- Beginners Must Read in 2021
Happy Investing!!
Editor’s Desk
