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.

With the year 2022 coming to an end, the festive mood has set in. Now, it is time to look back at the journey, the highs and the lows faced during the year. Starting with the deadly Covid pandemic, which affected all the countries, came under control and normalcy was restored. Further, the high inflation levels, which was a concern for almost all major economies, have come down now, thanks to the efforts of central banks. In contrast, the efforts of US and European countries have yielded no efforts in ending the Russia-Ukraine war. Standing on the side of Ukraine, the West protested the actions of Russia via various sanctions, the latest one being enforcement of price-caps on Russian oil. Retaliating against this, Russia banned oil sales to countries using price cap.

Notably, owing to cordial relations with Russia, India remains insulated from such moves. For India, the year 2022 was a significant one. Having completed 75 years of independence, India continues to fortify its position on the global scale. The Indian equity markets touched new heights, with Sensex crossing 63,000 levels. The country has become the third-largest ecosystem for startups, with over 84,000 startups and the steady rise of entrepreneurs. With strong ties with major economies and growth spurring government policies in place, it is safe to say the game has just begun for India.

Going ahead, in 2023, a new set of challenges waits for the world, the most prominent being the recession. Further, rising number of Covid cases is leading to concerns amongst government officials across the world. It is crucial that both the challenges are dealt with, in a pro-active manner.

Turning to our weekly analysis of Indian equity markets, let’s look at the top gainers and losers in the large-cap space in the last 5 trading sessions (between December 23 and December 29).