Market ends marginally higher amid volatility; realty index outperforms

In yet another highly volatile week, the Indian equity indices ended on a higher note amid mixed data points including weak results by IT heavyweights, ongoing geo-political tensions, slightly higher than expected US inflation, high crude oil prices and continued FII selling. However, a steep decline in domestic inflation, better industrial production data, increased purchases by DIIs and higher GDP projection by the IMF helped to boost investors sentiment.

This week, BSE Sensex added 0.43 percent or 287.11 points to end at 66,282.74, while Nifty50 rose 97.5 points or 0.49 percent to close at 19,751.

The BSE Small-cap index rose 0.8 percent. ITI, Prakash Industries, MMTC, Omaxe, GFL, Shiva Cement, Shree Global Tradefin, Gujarat Mineral Development Corporation, SpiceJet, Jai Corp, PDS and Avantel rose 20-41 percent, while losers included Lancer Containers Lines, Themis Medicare, GM Breweries, Triveni Turbine, Dhampur Bio Organics, Jubilant Industries, Supriya Lifescience, Sterling and Wilson Renewable Energy and C. E. Info Systems (MapmyIndia).

BSE Mid-cap Index added 0.7 percent supported by Nippon Life India Asset Management, Vodafone Idea, NMDC, Linde India, Castrol India, TVS Motor Company, Oil India and Supreme Industries, while losers included Rajesh Exports, Indian Overseas Bank, JSW Energy, UCO Bank, CG Power and Industrial Solutions and Godrej Industries.

The BSE Large-cap Index gained 0.5 percent led by Tata Motors, Coal India, Bosch, Zomato, Indus Towers, Tata Motors – DVR and HDFC Asset Management Company. On the other hand, losers included ICICI Prudential Life Insurance Company, Adani Power, Bank Of Baroda and Bandhan Bank.

In terms of market value, Reliance Industries added the most in terms of market value, followed by Hindustan Unilever, Bharti Airtel and Tata Motors. On the other hand, Infosys, Tata Consultancy Services and State Bank of India lost most of their market cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

Among sectors, Nifty Realty index gained 4.3 percent, Nifty Auto index added 2.8 percent, Nifty FMCG index rose nearly 2 percent and Nifty Media index added 1.5 percent. On the other hand, Nifty PSU Bank index shed 3.2 percent and Nifty Information Technology index fell 1.6 percent.

Foreign institutional investors (FIIs) selling continued this week also but the intensity of selling is coming down as they sold equities worth Rs 2,199.99 crore. Meanwhile, domestic institutional investors (DIIs) increased their purchases as they bought equities worth Rs 3,937.66 crore this week.

Indian rupee ended flat in the week ended October 13 at 83.26 versus its October 6 closing of 83.24.