Despite the Hindenburg report, India Markets managed to stay in green this but the Indian Markets & China markets under performed compared to global markets.
Japan’s Nikkei index gained over 8% this week after a tough time since few weeks. US Markets, The Dow jones gained around 3% while the NASDAQ gained over 5%.
Failure of Hindenburg. Indian Markets stood the ground after allegations of Hindenburg and managed to stay in green but the Indian markets along with China markets are the under performers of the week if compared to global market.
Japan’s Nikkei index was the top performer globally.
Dow Jones gained around 3% while NASDAQ gained over 5%.
Europe’s German index the DAX has out performed in Europe after posting gains over 3%.
France’s CAC 40 index managed to gain over 2% and UK’s FTSE index managed to gain over 1%.
In India, The IT sector was the top gainer (4.70%) while PSU bank was the top losing sector (-2.15%).
Tech Mahindra gained most (+5.2%) and Divi’s Labs lost most (-4.1%).
FII Continued their selling, Making it straight 4th week streak of selling.
2. Indian Markets
Open
Indices
Close
% Week Change
24,320
Nifty 50
24,541
0.71%
79,330
Sensex
80,436
0.92%
50,412
Bank Nifty
50,516
0.06%
22,966
Finnifty
22,976
-0.03%
12,584
Midcap Select
12,724.85
1.00%
3. American Markets
Open
Indices
Close
% Week Change
39,556
Dow Jones
40,659.77
2.94%
5,351
S&P 500
5,554
3.93%
16,793
NASDAQ
17,631
5.29%
4. European Markets
Open
Indices
Close
% Week Change
8,168.10
FTSE 100 (UK)
8,311.41
1.75%
7,296.84
CAC 40 (France)
7,449.71
2.48%
17,784
DAX (Germany)
18,322
3.38%
5. Asian Markets
Open
Indices
Close
% Week Change
17,102
Hang Seng
17,430
1.99%
2,858.89
Shanghai Composite
2,879.42
0.60%
35,490
Nikkei 225
38,062
8.67%
Indian Sectoral Performance :
The list is shown in order from top gaining sector to top losing sectors
6. Sectoral Performances
Indices
Close
% Week Change
IT
40,878
4.70%
Consumer Durables
39,671
3.59%
Realty
1,048.65
2.58%
Auto
25,597
0.99%
Private Bank
25,256
0.44%
Oil and Gas
12,999
0.21%
FMCG
62,213
0.09%
Healthcare
13,879
-0.43%
Pharma
22,106
-0.46%
Metal
8,994
-0.49%
Media
2,059
-2.00%
PSU Bank
6,843
-2.15%
*Note :- Some indices like Nifty Bank and Financial Services are excluded from above table because their performance is mentioned in Indian Markets section.
7.1 TOP 5 Nifty 50 Gainers
Stocks
Close
% Week Change
Tech Mahindra
1585.3
5.2%
Wipro
516.3
5.1%
Infosys
1859.0
5.0%
HCL
1668.3
4.9%
TCS
4416.1
4.4%
7.2 TOP 5 Nifty 50 Losers
Stocks
Close
% Week Change
Divi’s Labs
4633.9
-4.1%
Coal India
512.3
-3.3%
Dr. Reddys Labs
6793.6
-3.1%
NTPC
398.1
-3.1%
Adani Ports
1493.5
-2.6%
8.1 TOP 5 Nifty 500 Gainers
Stocks
Close
% Week Change
Inox Wind
212.7
22.1%
Kaynes Technologies
5082.2
18.8%
Triveni Turbine
1859.0
16.4%
PB Fintech
1692.0
15.7%
EPL Ltd.
249.7
15.4%
8.2 TOP 5 Nifty 500 Losers
Stocks
Close
% Week Change
Hind Zinc
519.9
-12.5%
Jubilant Ingrevia
643.4
-9.2%
Mahindra Holidays
398.3
-8.3%
Timken India
3662.8
-7.8%
Coaching Shipyard
2198.5
-7.6%
9. FII and DII Activity Losers
FII
Date
DII
-4,680.51
12/08/2024
4,477.73
-2,107.17
13/08/2024
1,239.96
-2,595.27
14/08/2024
2,236.21
766.52
16/08/2024
2,606.18
-8,616.43
Total
6,082.35
Net Buy/Sells
-2,534.08
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