Foreign institutional investors (FIIs) remained seller in this week also as they sold equities worth Rs 2,799.08 crore, while domestic institutional investors (DIIs) bought equities worth Rs 3,510.97 crore.
The Indian equity market remained under pressure in the week ended October 20 amid rising conflict between Israel and Hamas led to higher crude oil prices, surging bonds yields post US Federal Reserve chair Jerome Powell’s comment on higher interest rates for longer time and weak global markets.
In this week, BSE Sensex shed 1.33 percent or 885.12 points to finish at 65,397.62, while Nifty50 fell 208.4 points or 1.05 percent to end at 19542.65.
The BSE Small-cap index ended flat. Nucleus Software Exports, Shakti Pumps (India), Ion Exchange (India), Newgen Software Technologies, KIOCL, Suzlon Energy, Rushil Decor and Authum Investment & Infrastucture rose more than 20 percent each, while NMDC Steel, MMTC, Housing & Urban Development Corporation, SpiceJet, Bajaj Healthcare, Sterling and Wilson Renewable Energy, Shreyas Shipping, Foods and Inns, Accelya Solutions India, Wendt (India), Andrew Yule and Company and Shiva Cement shed 10-15 percent.
BSE Mid-cap Index declined 1.3 percent. Indraprastha Gas, Biocon, L&T Technology Services, MphasiS, Indian Overseas Bank, Nippon Life India Asset Management, UCO Bank and Bank Of India shed between 6-14 percent. However, Supreme Industries, New India Assurance Company, CRISIL, ICICI Securities, SJVN, Muthoot Finance, L&T Finance Holdings and Aditya Birla Fashion & Retail added 3-12 percent.
The BSE Large-cap Index shed 1.17 percent dragged by Havells India, Interglobe Aviation, Bandhan Bank, Cholamandalam Investment and Finance Company, ABB India and Avenue Supermarts, while gainers included Bajaj Auto, LTIMindtree, One 97 Communications (Paytm), ICICI Lombard General Insurance Company, Hero MotoCorp and SBI Life Insurance Company.
In terms of the market value, Reliance Industries lost the most in terms of market value, followed by Tata Consultancy Services, Hindustan Unilever and Bajaj Finance. On the other hand, Nestle India, UltraTech Cement and Power Grid Corporation of India added the 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, BSE Telecom, Realty and Oil & Gas indices shed 2 percent each, while Power, Capital Goods and FMCG lost 1 percent each. On the other hand, BSE Auto index added 0.5 percent.
Among sectors, BSE Telecom, Realty and Oil & Gas indices shed 2 percent each, while Power, Capital Goods and FMCG lost 1 percent each. On the other hand, BSE Auto index added 0.5 percent.
Foreign institutional investors (FIIs) remained seller in this week also as they sold equities worth Rs 2,799.08 crore, while domestic institutional investors (DIIs) bought equities worth Rs 3,510.97 crore. However, in the month of October the FII sold equities worth Rs 13,411.72 crore and DII purchased equities worth Rs 11,883.80 crore.
Indian rupee regained some lost ground against the US dollar as it ended 14 paise higher in the week ended October 20 at 83.12 versus its October 13 closing of 83.26.
admin
