Stock Market Indices and Weekly Updates (16- 19 Aug 2022)
Indian Stock Market Indices and Weekly Updates (16-19 Aug): Indian stock market indices gained for the fifth straight week. The key indexes erased most of their weekly gains on the last trading day of the truncated week. The markets were closed on 15 August on account of Independence day. The domestic markets started the week on a strong note due to ease in inflation numbers and strong global cues.
Among the sectoral indices, Realty, FMCG, Media, and IT closed in the green while PSU Banks and Pharma sectors closed in the red on a weekly basis. FIIs were the net buyers, they bought Rs 3128.96 crore while DIIs sold Rs 1808.89 crore in the equity cash segment during the week ended 19 August.
Weekly Indian Stock Market Indexes (16-19 Aug)
On a weekly basis, Markets erased most of their weekly gains on Friday. Sensex gained 183.37 points or 0.31%, and closed at 59646.15, while the Nifty was up by 60.3 points or 0.34%, and ended at 17758.45 levels. The Bank Nifty on the spot price declined 56.35 points or 0.14 % on a weekly basis and finished at 38985.95 levels.
The broader markets closed higher during the week, almost in line with their larger peers. The Nifty midcap index advanced 198.65 points or 0.64 percent and closed at 31005 levels. The Nifty small-cap index closed higher by 36.2 points or 0.39 percent and ended at 9457.8 levels during the week.
Nifty 50 weekly top gainers and losers
| Weekly Nifty 50 Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Adani Ports | 871.80 | 788.35 | 10.59 |
| Eicher Motors | 3424.10 | 3210.15 | 6.66 |
| HDFC Life | 576.65 | 544.95 | 5.82 |
| L&T | 1936.05 | 1846.45 | 4.85 |
| Tech Mahindra | 1104.15 | 1065.90 | 3.59 |
| Weekly Nifty 50 Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Apollo Hospital | 4135.35 | 4312.75 | 4.11 |
| ONGC | 134.60 | 139.20 | 3.30 |
| UPL | 768.25 | 788.90 | 2.62 |
| Tata Steel | 110.05 | 112.65 | 2.31 |
| Hindalco | 427.35 | 436.25 | 2.04 |
Mid-cap weekly top gainers and losers
| NSE Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| IRCTC | 735.15 | 666.45 | 10.31 |
| Apollo Tyre | 260.15 | 236.10 | 10.19 |
| ICICI Securities | 519.20 | 477.30 | 8.78 |
| NSE Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Sona BLW Precis | 520.85 | 569.85 | 8.60 |
| Bharat Forge | 736.00 | 790.20 | 6.86 |
| Manappuram Fin | 103.60 | 110.45 | 6.20 |
Small-cap weekly top gainers and losers
| NSE Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Brightcom Group | 44.30 | 36.70 | 2071.00 |
| SPARC | 241.45 | 217.60 | 10.96 |
| Sterlite Tech | 161.85 | 147.75 | 9.54 |
| NSE Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| PVR | 1808.75 | 2014.30 | 10.20 |
| Chemplast Sanmar | 427.40 | 460.25 | 7.14 |
| Metro Brands | 808.80 | 855.30 | 5.44 |
Global stock market indices for the week (15 – 19 August)
The global stock market indexes mostly closed lower during the week ended 19 August. The major key indexes in the US, Europe, and China ended in the red while Japan’s indexes posted gains during the week.
The US and European Stock Market Indexes Update
The US stock market indexes ended lower and gave back a portion of the previous week’s strong gains after a Fed policymaker dampened the hopes that inflationary pressure had peaked. On Thursday, Fed’s St. Louis President James Bullard said he would vote for a 75 bps interest rate hike in the September meeting. The hawkish comment from Bullard has come just a day after the FOMC minutes were released and surprised the traders.
Some strong economic data released during the week in the US have also fueled the rate hike fears, but raised hope that the economy would avoid a recession. The better-than-expected economic data also fueled an increase in longer-term bond yields, the US 10-year Treasury note is approaching near 3.0 percent.
European stock market indexes mostly ended in the red during the week amid renewed fear that central banks would tighten their policies due to persistently high inflation in the region. The pan-Europe STOXX 600 index ended the week lower. The key European indexes CAC, and DAX closed in the red while FTSE 100 gained during the week ended 19 August.
The market sentiments were downbeat, as UK’s retail inflation hit the 10% mark in July, the first double-digit mark since 1982 due to higher food costs. Eurozone inflation hit a record high in July, and Eurostat lower its estimates of Q2 economic growth. The Factory gate prices in Germany rose 37.2% in July compared to the same period last year. ECB Executive Board member Isabel Schnabel indicated that she might vote for another large rate hike in next month’s meeting.
Major Asian Stock Market Indexes Updates
Japan stock market indexes trimmed their early week gains and closed positive during the week ended 19 August. The Nikkei gained in the first half of the week with the hope that the Fed may become lenient in its next policy meeting. However, after the Fed official’s hawkish comments, markets gave back most of their early gains in the last two days.
On a weekly basis, both the Nikkei 225 and the TOPIX closed higher. The downside of the markets was limited as the economic data released during the week was mostly positive, indicating economic growth continues.
China’s stock market indexes posted a loss for the week ended 19 August in reaction to weak economic data, surges in Covid cases, and drought conditions in certain parts of the country.
You may also like to read, Tradingview India Review 2022- You Must Read
Must read before opening Demat & Trading account online
Happy Investing!!
Editor’s Desk
