Weekly Stock Market Indexes & Analysis (20 – 24 Sept)
Weekly Stock Market Indexes & analysis ( 20 Sept – 24 Sept ): The Indian stock market indexes gained more than 1.5 percent during the week ended 24 September. The broader markets underperformed compared to the benchmark indices. The markets started with a pessimistic note on Monday following the global peers but recovered all weekly losses and turned positive in the mid of week.
As expected, last week Global cues dominated the markets. The worries about China’s property developer Evergrande’s debt-strapped and delay in interest payments dragged down the markets on Monday. However, the clarity on Fed’s meeting regarding bonds tapering and hike in interest rate improved the market sentiments in the mid of the week.
Weekly Stock Market Indexes ( 20 Sept- 24 Sept )
On a weekly basis, Sensex gained 1032.58 points or 1.75% and closed at 60048.47, while Nifty closed higher by 268.05 points or 1.52% and ended at 17853.2 levels. The Bank Nifty on the spot price closed almost flat, up only 18.35 points or 0.05 % on a weekly basis, and finished at 37830.3 levels.
The midcap and smallcap indexes underperformed compared to the benchmark last week. The Nifty midcap index was gained 244.2 points or 0.82% and closed at 30143.6 levels. The Nifty small-cap index was up 48.3 points or 0.45% and ended at 10836.55 levels
NSE weekly top gainers and losers
| NSE Weekly Nifty Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Bajaj Finserve | 18526.00 | 16840.20 | 10.01 |
| HCL Technology | 1358.20 | 1263.30 | 7.51 |
| ONGC | 136.10 | 127.75 | 6.54 |
| Coal India | 166.10 | 156.70 | 6.00 |
| Bajaj Finance | 7793.40 | 7428.80 | 4.91 |
| NSE Weekly Nifty Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Tata Steel | 1272.10 | 1385.90 | 8.21 |
| BPCL | 414.80 | 436.25 | 4.92 |
| Tata Consumer | 836.75 | 874.15 | 4.28 |
| Shree Cement | 29411.80 | 30559.45 | 3.76 |
| JSW Steel | 659.80 | 682.30 | 3.39 |
NSE weekly mid-cap top gainers and losers
| NSE Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Godrej properties | 2191.45 | 1629.55 | 34.48 |
| Oberoi Realty | 932.00 | 741.00 | 25.78 |
| NSE Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Dalmia Bharat | 2089.55 | 2298.10 | 9.07 |
| CESE | 84.10 | 92.20 | 8.79 |
NSE weekly small-cap top gainers and losers
| NSE Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| GNFC | 405.45 | 334.35 | 21.27 |
| Welspun India | 155.70 | 131.35 | 18.36 |
| NSE Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Lux Ind | 3646.75 | 4000.30 | 8.84 |
| JK Lakshmi Cement | 641.75 | 688.65 | 6.81 |
Weekly Global Stock Market Indexes
Globally, stock market indexes closed higher in a volatile trading week ended 24 September. The US market indexes rebounded after the early sell-off and ended the volatile trading week on a slightly higher note. The fears that a possible default by China’s second-largest property developer and the cautious approach by the traders ahead of the Fed’s meeting dragged down the markets in the early week.
However, the clarity on the asset tapering and interest rate hike decision by the Federal Reserve improved the market sentiments in the latter days of the week.
The European markets gained during the week as optimism about a continuing economic growth offset concerns about the gradual withdrawal of central bank stimulus support. However, the upside remains capped due to China’s property developer Evergrande’s debt-strapped worries.
Japan’s stock market index closed lower in a volatile trading and truncated week. BoJ holds interest rates and confirmed its stance on maintaining asset purchases at the current level.
China’s Stock Market index closed marginally lower during the holiday-shortened week ended 24 September. Markets traded negatively due to the concerns about the debt crisis of property developer Evergrande. However, the interest repayment news by Evergarnde, later during the week eased the concern and helped the market to erase most of the weekly losses.
Weekly FIIs and DIIs data
On a weekly basis, Foreign Institutional Investors (FIIs) were the net sellers and the Domestic Institutional Investors (DIIs) were the net buyers in the cash market segments. FIIs sold only Rs 8.38 crores while DIIs bought Rs 3048.3 crore in the cash market segment during the week ended 24 September.
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