Weekly movers: Hits and misses in the large cap space during the week! 

5paisa Research Team 25th February 2023 - 01:51 pm

Here’s a list of the top 5 gainers and losers this week in the large-cap space.

The Indian equity markets plunged steeply during the last 1 week. In the last 5 trading sessions, the frontline index S&P BSE Sensex plummeted by 2.29%, going from the level of 61,002.57 on 17 February to 59,605.8 on 23 February. Similarly, the NIFTY declined by 2.41%, going from 17,944.2 on 17 February to 17,511.25 on 23 February. Also, the rupee weakened to 82.83 per US Dollar from 82.73/USD on 17 February.

The details of the US Fed meeting were released yesterday. It hinted that the rate hikes will be continued, the reason being that inflation in US continues to be above its target of 2%.

Amongst the key developments in the Indian stock markets, the extension of trading hours by NSE is a significant one. On Tuesday, National Stock Exchange (NSE) extended the market trade timing for interest rate derivatives to 5 pm (from 3.30 pm previously). These changes came into effect yesterday.

Moving on, let us have a look at the top gainers and losers in the large-cap space during the last 5 trading sessions (between 17 February and 23 February).

Top 5 Gainers	Return (%)
Zomato Ltd.	5.98
Voltas Ltd.	5.41
FSN E-Commerce Ventures Ltd.	4.23
Indus Towers Ltd.	3.99
Gujarat Gas Ltd.	3.78

Top 5 Losers	Return (%)
Adani Enterprises Ltd.	-19.64
Adani Total Gas Ltd.	-18.54
Adani Transmission Ltd.	-18.54
Adani Green Energy Ltd.	-18.53
Adani Wilmar Ltd.	-14.41

  Zomato Ltd

The shares of Zomato Ltd rallied by nearly 6% in the last 5 trading sessions. Looking at the recent announcements, yesterday, Zomato launched a new service- 'Everyday'. ‘Everyday’ is a home-style meal service under which its food partners will collaborate with home-chefs. Zomato Everyday is currently available in select areas of Gurugram only. With fresh meals starting at only Rs 89, customers can eat healthier and better daily.

Voltas Ltd

The shares of Voltas Ltd surged over 5% in the last 5 trading sessions. It should be noted that the company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by the market forces.

FSN E-Commerce Ventures Ltd

The shares of FSN E-Commerce Ventures Ltd (Nykka) surged by 4.23% in the last 5 trading sessions. However, the company has not made any significant announcements of late. Hence, the rally in the share price could be attributed to the market forces. 

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5paisa Research Team

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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