Stock Market Weekly Domestic Markets Slumped Amid Inflation Hit, Sensex Lost 721 Points, Nifty Down 171 Points
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Indian stock market indices closed with slight losses in the last trading week amid reports of rising inflation around the world. Let us tell you that the ever-increasing rates of inflation have cleared the way for the central banks to increase the interest rate. Four days out of the five trading days of the whole week, the major Indian indices closed on the red mark amid volatility.
In the trading week ended July 15, 2022, the Sensex closed at 53.760.78 points, down 721.06 points. In this way it registered a decline of 1.32% percent. At the same time, the Nifty 50 index lost 171.4 points during the last week. It saw a decline of 1.06%. However, eventually it managed to close at 16049.20 above the psychological figure of 16000.
On the other hand, BSE’s mid and small cap indices have seen marginal gains. The BSE Midcap index closed 0.88% higher at 22,854.62 points, while the Small Cap index closed 0.54% higher at 25,779.56 points.
TCS shares have fallen 8.31% in the last trading week. On the other hand, shares of Larsen & Toubro have seen a weakness of 0.17 percent. On the other hand, shares of state-owned Power Grid Corporation have also seen a decline of 4.30%. On the other hand, HCL Technology shares fell up to 10.23%.
Adani Ports’ name is important in the uptrend. Its shares have seen a rise of 2.02 percent. Let us tell you that Adani Ports and Israel’s Gadot Group have jointly won the tender for the privatization of Hafiza Port in Israel. This has increased the chances of strength in the shares of Adani Ports in the coming week.