It seemed like another week of selling in a 4-day week, Causing headaches for investors, Nifty remained negative until Thursday. However, Friday’s tremendous gains of around 2.4% helped the Indian stock market end the week in the green, with an overall gain of 1.6%. But what about the performance of the Indian sector and stocks? Let’s take a look at the weekly recap
Table of contents
Key Takeaways
- Friday’s gains helped nifty to gain 1.6% in this week, Breaking the losing the streak.
- Realty, Auto, IT & Consumer Goods stocks rallied.
- Power Grid is the top gainer followed by Mahindra & Mahindra.
- Adani stocks hits lower amid the allegations made by U.S.
- FII continued to sell their Investments.
Indian Markets
Indian stock market has ended on a positive note this week and it has managed to break the streak of long red candles that have been forming for the last 6-7 weeks. Here, We have added an image of Nifty 50’s hourly chart to understand how the market has performed throughout the week.
Nifty 50 This Week Chart
Looking at the chart, we can see that the market started the week on a negative note and remained sideways throughout the day. On the next day, the market opened with a small gap-up and kept rising until the bears took over during the afternoon session, leading Nifty to close with small gains. However, the selling continued the following day until Friday, when the bulls took control and pushed the market up by approximately 2.6%. Overall, Nifty managed to gain 1.59% compared to the previous week.
Major Indian Indices Weekly Recap
| Open | Indices | Close | % Week Change |
|---|---|---|---|
| 23,605 | Nifty 50 | 23,907 | 1.59% |
| 77,864 | Sensex | 79,117 | 1.98% |
| 50,312 | Bank Nifty | 51,135 | 1.90% |
| 23,270 | Fin nifty | 23,624 | 1.83% |
| 12,118 | Midcap Select | 12,306 | 1.71% |
We can say that the stock market has provided some relief to investors this week. Major indices such as Bank Nifty, Fin Nifty, and Midcap Select gained around 1.70% to 1.90%, bringing optimism and hope for the coming week.
Indian Sectoral Performance :
The list is shown in order from the top gaining sector to the top losing sectors
Sectoral Performances
| Indices | Close | % Week Change |
|---|---|---|
| Realty | 1,006.25 | 6.26% |
| Nifty Auto | 23554.10 | 2.79% |
| Consumer Durable | 39775.20 | 2.76% |
| Nifty IT | 43332.10 | 2.22% |
| FMCG | 56956.45 | 2.10% |
| Private Bank | 25083.00 | 1.92% |
| Pharma | 21962.05 | 0.97% |
| Healthcare | 13996.05 | 0.94% |
| PSU Bank | 6508.15 | 0.24% |
| Nifty Metal | 8846.20 | 0.20% |
| Oil and Gas | 10677.05 | -1.23% |
| Nifty Media | 1892.60 | -1.65% |
*Note:- Some indices like Nifty Bank and Financial Services are excluded from the above table because their performance is mentioned in the Indian Markets section.
The Nifty Realty sector gained the most during this week, thanks to the last day’s 3% gain which was also the biggest one-day gain in the stock market in the last 6 months. While all other sectors like Auto, Consumer goods, BFSI, Healthcare, and Pharma performed well, only the Media and ‘Oil and gas sector’ showed weakness in this week’s recap.
Nifty 50 Gainers & Losers
TOP 5 Nifty 50 Gainers
| Stocks | Close | % Week Change |
|---|---|---|
| Power Grid | 336.95 | 7.96% |
| M&M | 3,012.95 | 7.33% |
| Ultratech | 11,375.30 | 6.03% |
| Heo Motocorp | 4,794.10 | 4.13% |
| JSW steel | 4416.1 | 4.08% |
Power Grid emerged as the top gainer in the Nifty this week, supported by strong gains in the last three trading sessions after hovering around the 200-day moving average for several days. The next gainer in the list is Mahindra and Mahindra followed by Ultratech, Hero Motocorp, and JSW Steel.
TOP 5 Nifty 50 Losers
| Stocks | Close | % Week Change |
|---|---|---|
| Adani Enterprises | 1,136.75 | -10.11% |
| Adani Ports | 512.3 | -3.3% |
| SBI Life | 1,485.15 | -4.94% |
| BPCL | 285.85 | -4.14% |
| Bajaj Finserv | 1,600.85 | -2.38% |
The allegations against Mr. Adani in the US have negatively impacted his company’s stocks. Adani Enterprises and Adani Ports declined by 10% and 5%, respectively. Additionally, SBI Life and BPCL witnessed sell-offs, causing their stocks to end the week down by over 4% compared to the previous week.
FII and DII Activity This Week
| FII | Date | DII |
|---|---|---|
| -1,403.40 | 18/11/2024 | 2,330.56 |
| -3,411.73 | 19/11/2024 | 2,783.89 |
| -5,320.68 | 21/11/2024 | 4,200.16 |
| -1,278.37 | 22/11/2024 | 1,722.15 |
| -11,414.18 | Total | 11,036.76 |
| Net Buy/Sells | -377.42 | |
Foreign Institutional Investor (FII) have been selling their investments from Indian Markets since the end of September and this week is the same. They have sold shares worth Rs 11,414 Crores while DIIs have continued to invest and this week, They have bought shares worth Rs 11,036 Crores.
Conclusion:
The Indian Stock Market ended the week on a positive note driven by Friday’s gains, Nifty managed to gain around 1.6%. Notably, The Realty, and Auto have shown strength. On the other hand, the Media and Oil & Gas sectors faced some challenges.
The gains and declines are part of the market, And this week the market, Bulls took over the market. But Will they be able to hold the gains next week?
Sources
- Indian Markets, Sector Performances (Click here.)
- Tops and Gainers of Nifty 50 and Nifty 500. (Click here.)
- FII & DII activity. (Click here.)
