Stock market updates for the first week of December

The stock market corrected by over 1% owing to RBIs hawkish tone, caution before the FOMC meeting, and the fear of a global slowdown.

Stock market updates for the first week of December

While oil prices were reduced, the stock market corrected by over 1%. The selling pressure came from RBIs hawkish tone, caution before the FOMC meeting, and the fear of a global slowdown. Tech stocks were the primary ones corrected, followed by auto, infra, and energy stocks. However, the saving graces were the FMCG and banking stocks. The past week saw benchmark indices snap gains of the last two weeks, with SENSEX correcting to 62,182 by 700 points and NIFTY50 dropping to below 18,500 by 200 points. Smallcap 100 index fell by 1%, and the Nifty Midcap 100 index fell a sixth of a percent. 

Also Read: 4 ways to invest in international equities.

What are the latest updates for the first week of December in the Indian stock market?

  • Foreign investors were bullish and infused over Rs. 4,500 crores in Indian equities in the first week of December. The infusion mainly comes as a result of a decline in the dollar. 
  • FII sellers saw an Rs. 5.657.14 crore outflow in equities last week. 
  • BSE is 62,181.67, down by 352.82 (-0.56%) weekly. 
  • NSE is 18,496.60, down by 157.35 (0.84%) weekly. 

First Week Of December: Top Gainers

Here are the top gainers for the first week of December 2022:

Optiemus Infracom (C.M.P: Rs. 363.50)

The sharp increase in its share price comes as a result of its strong sales in its last quarter. Its net profit was Rs. 7.10 crores, up by 242.95% in September 2022. Its net sales stood at Rs. 300.87 crores, up by 213.47 during the same time last year. 

GS Auto International (C.M.P: Rs. 20.95)

The share price increased sharply on the back of strong earnings. It reported a net loss of Rs. 0.91 crores for the previous quarter, and its net sales stood at Rs. 27.17 crores. It saw a jump of 33.63% in net sales. 

Also Read: Stock market update for the last week of November.

East West Holdings (C.M.P: Rs. 6.84)

East West Holdings performed well this week on a strong showing in the previous quarter. Its net sales stood at Rs. 59.58 crores, up by 3.17% in September. It was at Rs. 57.75 during the same time last year. Its net loss has been reduced by a whopping 109.61% since September 2021. 

First Week Of December: Top Losers

Here are the top losers for the first week of December 2022:

Balgopal Commercial (C.M.P: 27.80)

Balgopal Commercial closed at Rs. 32.65 on December 5, 2022. It fell by 22.56% during the week. 

AVI Photochem (C.M.P: Rs. 39.80)

AVI Photochem closed at Rs. 48.75 on December 5, 2022. It fell by 22.27% during the week. 

Contech Software (C.M.P: Rs. 5.95) 

Contech Software closed at Rs. 7.27 on December 5, 2022. It fell by 20.67% during the week. 

Also Read: How to choose an equity mutual fund?

Conclusion

It is a testing time for the stock market, where tech stocks are seeing the red zone rapidly. Only the banking and FMCG sectors look bullish, and most other sectors are bearish. Investors are advised to exercise caution and take financial advice before making any new movements. 

While oil prices were reduced, the stock market corrected by over 1%. The selling pressure came from RBIs hawkish tone, caution before the FOMC meeting, and the fear of a global slowdown. Tech stocks were the primary ones corrected, followed by auto, infra, and energy stocks. However, the saving graces were the FMCG and banking stocks. The past week saw benchmark indices snap gains of the last two weeks, with SENSEX correcting to 62,182 by 700 points and NIFTY50 dropping to below 18,500 by 200 points. Smallcap 100 index fell by 1%, and the Nifty Midcap 100 index fell a sixth of a percent. 

Also Read: 4 ways to invest in international equities.

What are the latest updates for the first week of December in the Indian stock market?

  • Foreign investors were bullish and infused over Rs. 4,500 crores in Indian equities in the first week of December. The infusion mainly comes as a result of a decline in the dollar. 
  • FII sellers saw an Rs. 5.657.14 crore outflow in equities last week. 
  • BSE is 62,181.67, down by 352.82 (-0.56%) weekly. 
  • NSE is 18,496.60, down by 157.35 (0.84%) weekly. 

First Week Of December: Top Gainers

Here are the top gainers for the first week of December 2022:

Optiemus Infracom (C.M.P: Rs. 363.50)

The sharp increase in its share price comes as a result of its strong sales in its last quarter. Its net profit was Rs. 7.10 crores, up by 242.95% in September 2022. Its net sales stood at Rs. 300.87 crores, up by 213.47 during the same time last year. 

GS Auto International (C.M.P: Rs. 20.95)

The share price increased sharply on the back of strong earnings. It reported a net loss of Rs. 0.91 crores for the previous quarter, and its net sales stood at Rs. 27.17 crores. It saw a jump of 33.63% in net sales. 

Also Read: Stock market update for the last week of November.

East West Holdings (C.M.P: Rs. 6.84)

East West Holdings performed well this week on a strong showing in the previous quarter. Its net sales stood at Rs. 59.58 crores, up by 3.17% in September. It was at Rs. 57.75 during the same time last year. Its net loss has been reduced by a whopping 109.61% since September 2021. 

First Week Of December: Top Losers

Here are the top losers for the first week of December 2022:

Balgopal Commercial (C.M.P: 27.80)

Balgopal Commercial closed at Rs. 32.65 on December 5, 2022. It fell by 22.56% during the week. 

AVI Photochem (C.M.P: Rs. 39.80)

AVI Photochem closed at Rs. 48.75 on December 5, 2022. It fell by 22.27% during the week. 

Contech Software (C.M.P: Rs. 5.95) 

Contech Software closed at Rs. 7.27 on December 5, 2022. It fell by 20.67% during the week. 

Also Read: How to choose an equity mutual fund?

Conclusion

It is a testing time for the stock market, where tech stocks are seeing the red zone rapidly. Only the banking and FMCG sectors look bullish, and most other sectors are bearish. Investors are advised to exercise caution and take financial advice before making any new movements. 

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