Weekly Stock Market- These Nifty stocks gained up to 20%
Weekly Stock Market: Indian stock markets closed almost one percent higher during the week ended 7 May. The domestic markets gained after the RBI’s Covid-19 relief measure announcements, corporate earnings, and global market support. However, markets have ignored the slow growth of service sectors in the month of April. The market upside was capped during the week due to the rising coronavirus cases and restrictions imposed in several places during the week.
The Indian markets started the week on a flat note. Domestic markets fell on the second day of the week due to weak global cues and some disappointment in mid-cap corporate earnings. Markets gained the remaining days of the week after the announcement of RBI’s Covid-19 relief measures.
Weekly Stock Market Indices
On a weekly basis, Sensex gained 424.11 points or 0.87% and closed at 49206.47 levels while Nifty closed higher by 192.05 points or 1.32% and ended at 14823.15 levels. The Bank Nifty on the spot price also gained 122.7 points or 0.37 % on a weekly basis and finished at 32904.5 levels.
The midcap and smallcap indexes closed higher during the week ended 7 May. The Nifty midcap index was up by 349.75 points or 1.45% and closed at 24545.65 levels. The small-cap index closed higher by 172.1 points or 2 % and ended at 8737.2 levels
Weekly Stock Market top gainers and losers
| Weekly Nifty Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Tata Steel | 1182.35 | 1034.00 | 14.35 |
| Hindalco | 401.10 | 364.40 | 10.07 |
| SBI Life | 1000.25 | 928.70 | 7.70 |
| Bharti Airtel | 568.50 | 536.75 | 5.92 |
| JSW Steel | 756.95 | 717.85 | 5.45 |
| Weekly Nifty Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Tata Consumer | 629.00 | 669.50 | 6.05 |
| Reliance Industries | 1931.75 | 1994.50 | 3.15 |
| Titan Company | 1446.50 | 1491.65 | 3.03 |
| Cipla | 882.90 | 910.35 | 3.02 |
| Power Grid Corp | 214.55 | 220.05 | 2.50 |
Weekly Nifty midcap stocks top gainers and losers
| Weekly Nifty Midcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| SAIL | 144.25 | 119.50 | 20.71 |
| BHEL | 57.80 | 48.30 | 19.67 |
| Weekly Nifty Midcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Tata Chemical | 679.35 | 792.45 | 14.27 |
| Sun TV Network | 494.90 | 543.35 | 8.92 |
Weekly Nifty smallcap stocks top gainers and losers
| Weekly Nifty Smallcap Top Gainers | |||
| Company Name | LTP | Previous Close | Change (%) |
| EID Parry | 419.05 | 346.55 | 20.92 |
| Welspun India | 93.55 | 79.50 | 17.67 |
| Weekly Nifty Smallcap Top Losers | |||
| Company Name | LTP | Previous Close | Change (%) |
| Can Fin Homes | 522.75 | 581.45 | 10.10 |
| Futures Retails | 46.80 | 51.10 | 8.40 |
Weekly global stock markets updates
Major global stock market indexes were closed higher during the week ended 7 May. The US markets closed mixed on weekly basis, Nasdaq was down due to a sharp sell-off at the beginning of the week. The last two days rally in the US markets erased some losses from early in the week. The US market indexes, Dow Jones, and S&P 500 gained during the week due to strong corporate earnings, better than expected job data, and other weekly economic data. The 10 Year Treasury yield has come down to two months low.
The European markets gained on a weekly basis due to stronger corporate earnings and growing confidence in economic recovery. Several European countries like Netherland, Belgium, Germany, etc began to ease lockdown and restrictions. The progress in vaccination boosted confidence among the people. The reopening of tours and travels and other hospitality sectors started in the region. The encouraging economic data like retail sales, factory orders, increase in exports also boosted the market sentiments during the week.
The Japanese and Chinese markets were closed for three days during the week. In the last two days of trading, the Japanese market closed higher due to encouraging store sales data. The Chinese market Index closed marginally lower during the truncated week.
FIIs and DIIs Investment in the cash market
On a weekly basis, Foreign Institutional Investors (FIIs) were the seller and Domestic Institutional Investors (DIIs) were the buyers in the cash market segments. FIIs sold Rs 5092.5 crores whereas DIIs bought Rs 2135.23 crores in the cash market segment during the week ended 7 May.
You may also like to read, Market today: Sensex and Nifty 50 indices closed flat
What is SGX Nifty? Can Indian trade in SGX Nifty?
Happy Investing!!
Editor’s Desk
