Top stocks that outperformed Nifty 50 by a wide margin

Markets are falling, with the Nifty 50's weekly returns becoming negative. In this post, we will look at stocks that have outperformed the Nifty 50 on a weekly basis.

Nifty 50 saw a gap-down opening on May 9, 2022, but inched up throughout the day, bridging the gap. However, there is still selling pressure on the highs. Furthermore, the fact that Nifty 50 finished significantly higher than its intraday low is heartening.

Most global indexes fell on Monday, despite rising prices, rising interest rates, and continued heavy lockdowns in Shanghai to stop the spread of Covid-19. As a result of tight Covid-19 limitations and decreased consumer spending in Europe and the United States, China's export growth slowed sharply in April.

Having said that, the main concern about the equities markets does not appear to be going away anytime soon, as Foreign Portfolio Investors (FPI) continue to sell. The US Consumer Price Index (CPI) for April would be revealed on Wednesday. This figure is likely to be about 8.2 per cent, and anything less would cause a short-term market reversal. In the short term, 16,180 to 16,300 levels would provide sturdy support, while 16,600 to 16,650 levels would provide decent resistance.

Here is a list of top stocks that outperformed the Nifty 50 on a weekly basis.