Weekly movers: Hits and misses in the large cap space during the week!
Here’s a list of the top 5 gainers and losers this week in the large-cap space.
There seems to be no relief to the markets in the near term. On Monday (13 June 2022), for the first time ever, the rupee crossed 78 against the US dollar, hitting a record low. But, the highlight of the week was the US Fed meeting, which was held on Wednesday. While the rate hike was a no-brainer considering the inflation woes, all eyes were set on the quantum of the hike. To curb the persistently high inflation levels, the US central bank announced a rate hike of 75 bps to a range of 1.5% to 1.75%. Post this, the Indian markets saw an intensified sell-off, led by FIIs. Owing to this, the markets are in turmoil. The frontline index S&P BSE Sensex lost nearly 7% in the last 5 sessions. During the same period, on the sectoral front, all the major indices tumbled. Metals took a hit of nearly 10%, followed by the energy & IT index, which slipped by 6.7% each.
Let us have a look at the top gainers and losers in the large-cap space during this period.
|
Top 5 Gainers |
Return (%) |
|
4.18 |
|
|
3.58 |
|
|
3.07 |
|
|
One97 Communications Ltd. |
2.06 |
|
1.09 |
|
Top 5 Losers |
Return (%) |
|
-14.03 |
|
|
-12.98 |
|
|
-12.86 |
|
|
-12.85 |
|
|
Gujarat Gas Ltd. |
-12.37 |
Adani Transmission Ltd-
The shares of Adani Transmission Ltd were trending on the bourses this week. On Wednesday, the company announced that its USD 700 million revolving facility had been tagged as a green loan by Sustainalytics. This development provides assurance on the green loan framework for the revolving facility. This is the first of its kind certification of a green loan in the transmission sector in the Asia Pacific (APAC) region.
AU Small Finance Bank Ltd-
The shares of AU Small Finance Bank Ltd gained over 3.5% on the bourses during the last 5 sessions. The bank had announced a bonus issue of shares in the ratio of 1:1. While the ex-date for this corporate action was 09 June 2022, the allotment of the bonus shares was done on 12 June 2022.
Varun Beverages Ltd-
Varun Beverages Ltd too had announced a bonus issue of shares, with the ratio being 1:2 (1 share for every 2 shares held by an investor). While the ex-date for this corporate action was 06 June 2022, the allotment of the bonus shares was done on 09 June 2022
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7555.70 | -82.4 (-1.08%) |
| CAC 40 | 8021.11 | -2.15 (-0.03%) |
| DAX | 17720.69 | -116.71 (-0.65%) |
| Dow Jones | 37917.99 | 142.61 (0.38%) |
| FTSE 100 | 7870.11 | -12.72 (-0.16%) |
| Hang Seng | 16224.15 | -161.73 (-0.99%) |
| US Tech Composite | 15437.90 | -168.6 (-1.08%) |
| Nikkei 225 | 37068.28 | -1011.35 (-2.66%) |
| S&P 500 | 4992.61 | -18.51 (-0.37%) |
| Gift Nifty | 22171.50 | 156.5 (0.71%) |
| Shanghai Composite | 3065.26 | -8.96 (-0.29%) |
| Taiwan Weighted | 19527.12 | -774.08 (-3.81%) |
| US 30 | 37927.50 | 198.9 (0.53%) |
Start Investing in 5 mins*
Rs. 20 Flat Per Order | 0% Brokerage
