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.
During the last 5 trading sessions, the frontline index S&P BSE Sensex has slid by 1.95%. Amongst the key developments that took place in this period, Brent crude spot prices declined by more than 10% amid fears of global recession.
Further, on Wednesday, the US June CPI inflation came in at an eye watering 9.1%, which is the highest since December 1981. Owing to this, it is anticipated that, in a meeting scheduled on July 26-27, the US Fed might hike key rates by a whopping 1%.
In contrast, India’s retail inflation came down to 7.01% in June from 7.04% in May, showing some signs of relief. While this figure is still above the tolerance level, the RBI expects a gradual easing in the inflation in the second half of the financial year.
Similarly, the June wholesale inflation came down to 15.18% from 15.88% in May. The country’s industrial output, measured by the Index of Industrial Production, has jumped from 7.1% in April to 19.6% in May.
Here are the top gainers and losers in the large-cap space during the last 5 trading sessions.
|
Top 5 Gainers |
Return (%) |
|
13.27 |
|
|
11.58 |
|
|
9.14 |
|
|
9 |
|
|
8.79 |
|
Top 5 Losers |
Return (%) |
|
-8.15 |
|
|
-8.14 |
|
|
-7.66 |
|
|
-5.93 |
|
|
-5.61 |
Adani Transmission Ltd - The shares of Adani Transmission Ltd are buzzing on the bourses. On Tuesday, the company reported its provisional operational updates for the quarter Q1FY23. As per this report, in the transmission segment, ATL operated transmission lines upwards of 99.19%. It added 372 ckms in Q1FY23 to the operational network with a total network of 18,795 ckms and transformation capacity at 40,001 MVA.
Star Health and Allied Insurance Company Ltd - On 11 July, the insurance company announced a collaboration with Common Services Centers (CSC), under the Ministry of Electronics & Information Technology to provide over 5 lakh CSCs access to a select range of Star Health insurance products, specially designed to meet the needs of rural customers, across tier-II, tier-III cities and rural markets pan India. This initiative shall help increase India's health insurance penetration in rural India.
JSW Energy Ltd - On Wednesday, the company announced that its a wholly owned subsidiary JSW Neo Energy Ltd, has received the Letter of Award (LoA) for 300 MW Wind capacity from Solar Energy Corporation of India Limited (SECI). This order entails setting up of 1,200 MW ISTS-connected Wind Power Projects (Tranche - XII).
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7555.70 | -82.4 (-1.08%) |
| CAC 40 | 8023.26 | 0 (0%) |
| DAX | 17837.40 | 0 (0%) |
| Dow Jones | 37775.38 | 22.07 (0.06%) |
| FTSE 100 | 7877.05 | -5.78 (-0.07%) |
| Hang Seng | 16197.08 | -188.79 (-1.15%) |
| US Tech Composite | 15606.50 | -81.87 (-0.52%) |
| Nikkei 225 | 37068.28 | -1011.42 (-2.66%) |
| S&P 500 | 5011.12 | -11.09 (-0.22%) |
| Gift Nifty | 21904.50 | -110.5 (-0.5%) |
| Shanghai Composite | 3061.62 | -12.6 (-0.41%) |
| Taiwan Weighted | 19527.12 | -774.08 (-3.81%) |
| US 30 | 37575.60 | -153 (-0.41%) |
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