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.

India's economy performed better than anticipated in the March quarter of FY23, which may have increased the full fiscal year growth over the 7% for the first advance estimate in January. According to a top banker, India's central bank may purchase up to 1.5 trillion rupees (USD 18 billion) in government bonds to refill the banking system's liquidity, which is predicted to become tighter later in the year.

The Reserve Bank of India may reduce the cash reserve ratio by half a point in the fiscal second half and begin purchasing bonds in the December quarter to maintain banking liquidity at current levels said the research group of ICICI Bank Ltd.

According to RBI, India is expected to be among the fastest-growing major economies of the world, accounting for 15% of global growth – the second largest contribution, and higher than that of the US and EU put together.

According to the central bank, India's overall demand circumstances have so far remained stable. The resurgence in contact-intensive services has given the urban consumption demand a considerable uptick. Rural demand indices are slowly strengthening as a result of optimism surrounding a bountiful rabi harvest. Unseasonal rain and hailstorm-related crop damage look to be limited.  

When looking at the Indian stock market, the S&P BSE Sensex, the frontline index, increased by 0.23% in the last five trading sessions, surging from 61,729.68 on May 19 to 61,872.62 on May 25. In contrast, the Nifty50 went from 18,203.40 on May 19 to 18,321.15 on May 25.

Let's take a closer look at the top gainers and losers in the large-cap space during the last five trading sessions, which took place between May 19 and May 25.

Top 5 Gainers Return (%)