Stock Market This Week: Top Gainers and Losers Shake Up D-Street—Who Came Out on Top?
Stock Market This Week: Top Gainers and Losers Shake Up D-Street—Who Came Out on Top?The Indian stock market experienced a roller-coaster week ending February 14, 2025, marked by significant fluctuations across major indices. The Nifty 50 index witnessed a decline of 13% from its record high, closing at 22,929.25. This downturn is attributed to various factors, including global economic uncertainties and domestic policy changes. Market analysts predict continued pressure due to these elements, potentially hindering a swift recovery and leading to prolonged consolidation phases.
Weekly Performance Highlights
Throughout the week, the market showcased a mix of bullish and bearish trends. The Sensex lost 213.12 points, settling at 78,271.28, while the Nifty shed 92.95 points to close at 23,696.30. The Midcap index underperformed compared to the Nifty 50, with the Nifty Midcap 50 ending 1.28% lower. In contrast, small-cap stocks demonstrated resilience, with the Nifty Small Cap 100 closing at 17,108.50, down by a marginal 0.3%.
Top Gainers of the Week
Despite the overall bearish sentiment, several stocks emerged as top gainers, reflecting strong performance and investor confidence:
- Cipla: The pharmaceutical giant saw its shares rise by 2.42%, driven by robust quarterly earnings and positive developments in its drug pipeline.
- Adani Ports & Special Economic Zone: Shares increased by 1.72%, attributed to strategic expansion plans and favorable trade conditions.
- Infosys: The IT services leader experienced a 0.98% uptick, bolstered by new contract wins and advancements in digital services.
- Tata Consumer Products: The company’s stock climbed by 0.79%, reflecting strong consumer demand and successful product launches.
- Dr. Reddy’s Laboratories: Shares rose by 0.74%, supported by successful regulatory approvals and market expansion strategies.
Top Losers of the Week
Conversely, several stocks faced downward pressure due to various challenges:
- Trent: The retail company’s shares plummeted by 8.22%, possibly due to disappointing sales figures and cautious consumer spending.
- Bharat Electronics: The defense electronics manufacturer’s stock declined by 3.18%, potentially impacted by project delays and budgetary constraints.
- Bharti Airtel: Shares fell by 2.45%, amid intensified competition in the telecom sector and regulatory hurdles.
- Titan Company: The luxury goods firm’s stock decreased by 2.23%, likely due to subdued consumer demand in the jewelry segment.
- NTPC: The state-owned power company’s shares dropped by 2.13%, possibly influenced by fluctuating energy prices and policy shifts.
SEBI Launches MITRA Platform
In a significant move to enhance investor protection, the Securities and Exchange Board of India (SEBI) introduced the Mutual Fund Investment Tracing and Retrieval Assistant (MITRA) platform. This centralized system aims to help investors trace and manage inactive mutual fund (MF) folios. Inactive folios are those with no investor-initiated transactions for a decade but still holding unit balances.
Managed by leading registrar and transfer agents, Computer Age Management Services Limited (CAMS) and KFin Technologies Limited, MITRA assists investors in identifying overlooked investments or those made by others for which they may be rightful claimants. The platform addresses issues arising from outdated contact information or unawareness of existing investments, thereby reducing the risk of fraudulent redemptions.
SEBI has mandated that the MITRA platform be operational within 15 working days from the issuance of the circular on February 12, 2025. The platform will be accessible through links on the websites of MF Central, Asset Management Companies (AMCs), the Association of Mutual Funds in India (AMFI), the two QRTAs, and SEBI itself. This initiative is expected to streamline communication, provide timely alerts, and reinforce transparency and investor confidence in the financial system.
IPO Highlights
The week also witnessed notable activity in the primary market:
- Ajax Engineering: The company’s initial public offering (IPO) received an overwhelming response, being oversubscribed by 6.06 times. This strong demand reflects high market confidence in Ajax Engineering’s growth prospects and the broader industry outlook.
- Hexaware Technologies: The IT services firm’s IPO was oversubscribed by 2.05 times, indicating steady investor interest, albeit at a comparatively lower scale than Ajax Engineering.
These oversubscription figures highlight investor sentiment, where higher demand often suggests robust fundamentals, favorable industry outlook, or attractive pricing. Such enthusiastic participation can lead to a premium listing, benefiting investors and reinforcing the companies’ market positions post-listing.
New Fund Offers (NFOs) Launched
Several Asset Management Companies (AMCs) introduced New Fund Offers (NFOs) catering to diverse investor preferences and market segments:
- AngelOne AMC: Launched the Angel One Nifty Total Market Index Plan, offering exposure to the broad Nifty Total Market Index.
- Groww AMC: Introduced the Groww Nifty 200 ETF Fund of Funds (FoF) Plan, investing in ETFs tracking the Nifty 200 index.
- Nippon AMC: Unveiled the Nippon India Active Momentum Plan, focusing on stocks exhibiting strong momentum trends.
- Union AMC: Rolled out the Union Gold ETF FoF Plan, allowing investors indirect exposure to gold through ETFs.
- Bandhan AMC: Launched the Bandhan Nifty Next 50 Index Plan, targeting companies beyond the Nifty 50.
- DSP Oswal AMC: Introduced the DSP Nifty Private Bank Index Plan,
Sources
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.