D-Street weekly update: Hits & misses among investors in the large cap space this week
List of top 5 gainers and losers this week in the Large-cap space
One of the highly anticipated events this week was the RBI’s bi-monthly meet, which was held on Wednesday (June 8). Withdrawing from its accommodative stance, the central bank’s Monetary Policy Committee (MPC) announced a rate hike of 50 bps, as against speculation of 40 bps. However, the MPC stated that the GDP growth expectations remained unchanged at 7.2%.
Looking at the index levels, the frontline index S&P BSE Sensex has lost nearly 1% in the last 5 trading sessions (from 03 June to 09 June). Further, in today’s session alone, the index has lost nearly 1.9%
Let us have a look at the top gainers and losers in the large-cap space during this one-week period.
|
Top 5 Gainers |
Return (%) |
|
18.48 |
|
|
9.27 |
|
|
8.24 |
|
|
5.62 |
|
|
5.36 |
|
Top 5 Losers |
Return (%) |
|
-10.08 |
|
|
-8.05 |
|
|
-7.52 |
|
|
-7.16 |
|
|
-6.9 |
Oil India Ltd-
The shares of this petroleum business company gained the most in the large cap space this week. The company was one of the many petroleum companies that registered fresh 52-week highs this week The surge in the share prices of these companies could be attributed to the rising crude oil prices, owing to which, these companies could gain from higher price realizations. Currently, the company’s 52-week high & low stand at Rs 306 & Rs 139.50, respectively.
Oil & Natural Gas Corporation Ltd-
ONGC, which operates in a similar space as Oil India Ltd, too witnessed a rally in its share price. The government-owned Maharatna company’s shares rallied from Rs 151.55 on 03 June 2022 to Rs 165.6 on 09 June 2022.
Adani Transmission Ltd-
ATL, the transmission and distribution business arm of Adani Portfolio, has made it to the list of large cap gainers this week. Last week, on 03 June 2022, the company announced that it has signed definitive agreements with Essar Power Ltd (EPL). This agreement pertains to acquisition of 673 ckt kms operational inter-state transmission project owned and operated by Essar Power Transmission Ltd (EPTCL). As per the press release, the enterprise value for the transaction is Rs 1,913 crore.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7555.70 | -82.4 (-1.08%) |
| CAC 40 | 8022.41 | -0.85 (-0.01%) |
| DAX | 17737.36 | -100.04 (-0.56%) |
| Dow Jones | 37974.69 | 199.31 (0.53%) |
| FTSE 100 | 7895.22 | 12.39 (0.16%) |
| Hang Seng | 16224.15 | -161.73 (-0.99%) |
| US Tech Composite | 15347.37 | -259.13 (-1.66%) |
| Nikkei 225 | 37068.28 | -1011.35 (-2.66%) |
| S&P 500 | 4975.97 | -35.15 (-0.7%) |
| Gift Nifty | 22174.00 | 159 (0.72%) |
| Shanghai Composite | 3065.26 | -8.96 (-0.29%) |
| Taiwan Weighted | 19527.12 | -774.08 (-3.81%) |
| US 30 | 37986.50 | 257.9 (0.68%) |
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