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.

The global macro-economic situation couldn’t be more contrasting. It seems that the US economy dominating/influencing the global economy is a thing of the past now. For instance, while the US economy is experiencing a recession, the Indian economy continues to do well, at least at the present moment.

To further illustrate, on Thursday, the combined market cap of all listed companies on BSE hit a record high of Rs 280.58 lakh crore at the day’s close. Moreover, between 12 August and 18 August, FIIs made net investments to the tune of Rs 5058.52 crore in the cash market.

Let’s look at the inflation figures now. The Wholesale-based (WPI) inflation numbers came out on Tuesday. In July, the WPI eased to 13.93% as against 15.18% in June. This softening came on the back of a moderation in the inflation for food items, core-WPI, crude petroleum and natural gas, and primary non-food articles.

Similarly, India’s retail inflation, measured by the Consumer Price Index (CPI), came down to 6.71% in July from 7.01% in June. While the July figures are at a 5-month low, they continue to remain above the Reserve Bank of India’s (RBI) upper margin of 6 per cent for the seventh consecutive month.  

Further, as per the estimates of MoSPI, in June, India’s factory output measured in terms of IIP, witnessed a growth of 12.3% year-on-year to 137.9. This growth was led by the manufacturing and electricity sectors.

On the international trade front, India’s overall exports (Merchandise) for July 2022 recorded a growth of 2.14% over the same period last year. In contrast, overall imports (Merchandise) in July 2022 exhibited a growth of 43.61% over the same period last year.

Let us have a look at the top gainers and losers in the large-cap space during the last 4 trading sessions (between 12 August and 18 August).