Stock Market Weekly Recap – Top Gainers & Losers
Indian Stock Market Weekly Recap (27 June – 01 July): Indian stock market indices registered minor gains for the week ended 1st July amid high volatility across the global markets. The markets traded in a narrow range and logged gains in two out of the five trading sessions during the week. On the global front, the weak economic data and recession fears among investors after hawkish comments by the Fed, BOE, and ECB weighed on the global market sentiments.
The domestic market sentiments were boosted as the country’s Eight Core Industries data showed 13 months high in May and due to second-highest GST revenue collections in June. The upside of the markets was limited due to continued FIIs outflow, depreciation in the Indian rupee, weak PMI Manufacturing data, and higher fiscal deficit of FY23.
On a weekly basis, FMCG, Realty, and Metals sectors gained the most whereas PSU Banking and Banking sectors fell marginally during the week ended 1st July. FIIs were the sellers and sold Rs 6836.71 crores while DIIs bought Rs 5926.47 crore in the equity cash segment during the week.
Weekly Indian Stock Market Indexes (27 June – 01 July)
On a weekly basis, Sensex gained 179.95 points or 0.34%, and closed at 52907.93, while the Nifty was up by 52.8 points or 0.34%, and ended at 15752.05 levels. The Bank Nifty on the spot price closed lower by 88 points or 0.26 % on a weekly basis and finished at 33539.45 levels.
The broader markets outperformed the benchmark indices. The Nifty midcap index gained by 138.25 points or 0.52 percent and closed at 26587.3 levels. The Nifty small-cap index closed higher by 86.9 points or 1.03 percent and ended at 8477.55 levels during the week.
Nifty 50 weekly top gainers and losers
| NSE Weekly Nifty 50 Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| ITC | 284.35 | 265.85 | 6.96 |
| Hindalco | 341.15 | 322.30 | 5.85 |
| Larsen & Tubro | 1572.15 | 1494.85 | 5.17 |
| Ultratech Cement | 5691.15 | 5468.30 | 4.09 |
| Coal India | 183.25 | 176.55 | 3.79 |
| NSE Weekly Nifty 50 Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Bajaj Auto | 3624.60 | 3813.35 | 4.95 |
| Titan Company | 1946.20 | 2045.60 | 4.86 |
| ONGC | 131.05 | 137.35 | 4.59 |
| Reliance Industries | 2408.70 | 2500.05 | 3.65 |
| Eicher Motors | 2782.80 | 2877.90 | 3.30 |
NSE weekly mid-cap top gainers and losers
| NSE Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Dr. Lal Pathlabs | 2239.25 | 2030.85 | 10.26 |
| TVS Motors | 860.45 | 798.75 | 7.74 |
| Petronet LNG | 221.45 | 206.50 | 7.24 |
| NSE Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Oil India | 213.85 | 240.50 | 11.08 |
| India Energy Ex | 159.75 | 174.10 | 8.24 |
| Indiamart Inter | 3818.50 | 4140.60 | 7.78 |
NSE weekly small-cap top gainers and losers
| NSE Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Bajaj Electrical | 1041.55 | 916.80 | 13.61 |
| BASF India | 2735.25 | 2467.45 | 10.85 |
| Metro Brands | 621.10 | 560.60 | 10.79 |
| NSE Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Bharat Dynamics | 667.20 | 728.05 | 8.36 |
| Suzlon Energy | 6.75 | 7.20 | 6.25 |
| Welspun India | 69.60 | 74.15 | 6.05 |
Global stock market updates for the week (27 June – 01 July)
The major global stock market mostly closed lower during the week. The sentiments were negative due to high inflation, fear of monetary policies tightening by the central banks, and recession.
The US and European Stock Markets
The US key indexes gave up a portion of their previous week’s strong gains as investors were worried about the Federal Reserve’s strong move against inflation which could push the US economy into recession. The economic data released during the week missed market expectations and indicates a slowdown. The Core Personal Consumption Expenditure Price Index, the Fed’s preferred gauge of inflation, fell to 4.7% in May from 4.9% in April, indicating that consumers were also pulling back.
The weak economic data actually pushed the yield on the benchmark 10-year US Treasury Note as low as 2.79 on Friday trading, its lowest level in a month. However, the US markets closed higher on Friday, trimming some weekly losses ahead of the long weekend. The US markets will remain close on Monday on account of Independence Day.
European stock market indexes declined during the week on fears that soaring inflation and rising interest rate could hit quarterly earnings and push the economy into a recession. Investors were in fear that the ECB could aggressively hike interest rate in July, expecting a 50 bps interest rate hike instead of 25 bps as guided earlier, as eurozone inflation hits a record high in June due to a surge in energy and food cost.
The UK’s current account shows a record deficit due to the soaring cost of fuel imports. Sweden’s central bank raised its interest rate by 50 bps, its largest increase in more than 20 years. To curb inflation.
Japan and China Stock Market
Japan’s stock market index registered losses during the week due to escalating risk of a global recession. The sentiments were downbeat as central banks aggressively raised interest rates to curb inflations which could push the global economy into a recession. Weaker than expected industrial production also weighed on the risk appetite of investors last week. Power shortage and rising inflation also hit the market sentiments during the week.
China’s stock market index advanced during the week on the back of strong factory data and easing Covid-19 restrictions for visitors.
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