Indian rupee ended lower against the US dollar as it lost 12 paise in the week ended October 27 to close at 83.24 versus its October 20 closing of 83.12.
The benchmark Indian indices ended lower for the second consecutive week ended October 27 as investors remained concern over rising geopolitical risks, elevated interest rates and weak global markets.
In this week, the BSE Sensex fell 2.46 percent or 1,614.82 points to finish at 63,782.80, while the Nifty50 declined 495.35 points or 2.53 percent to close at 19,047.30.
The BSE Small-cap index declined 3.4 percent dragged by MMTC, Sterlite Technologies, Ion Exchange (India), Kamdhenu Ventures, Refex Industries, Prakash Industries, Sangam (India), Finolex Industries, KIOCL, PNB Gilts and Bharat Wire Ropes. On the other hand, Black Box, Sadhana Nitrochem, Swan Energy, Talbros Automotive Components, CreditAccess Grameen, Voltamp Transformers, Punjab Chemicals & Crop Protection and Ramco Industries added 10-20 percent.
BSE Mid-cap Index shed 2.4 percent with Laurus Labs, Supreme Industries, New India Assurance Company, SJVN, PB Fintech, Vodafone Idea, Indian Hotels Company, CRISIL and Linde India losing 7-10 percent, while gainers included Rajesh Exports, Shriram Finance, Canara Bank, Persistent Systems, Alkem Laboratories, Balkrishna Industries and Voltas.
The BSE Large-cap Index fell 2.5 percent dragged by One 97 Communications (Paytm), Indus Towers, Berger Paints India, UPL, Zomato, Adani Enterprises, GAIL India, Adani Green Energy and Adani Total Gas.
In terms of the market value, Tata Consultancy Services lost the most in terms of market value, followed by HDFC Bank, Reliance Industries and Infosys. However, Axis Bank, HCL Technologies 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.)
On the sectoral front, all the indices ended in the red with the Nifty Media index down 5.3 percent, Nifty Metal index nearly 4 percent, Nifty Information Technology, Nifty Oil & Gas and Nifty Realty indices trading lower by nearly 3 percent each.
In this week, foreign institutional investors (FIIs) increased their pace of selling as they sold equities worth Rs 13,187.01 crore, meanwhile domestic institutional investors (DIIs) has compensated with buying equities worth Rs 11,553.34 crore. However, in October, the FIIs sold equities worth Rs 26,598.73 crore and DIIs purchased equities worth Rs 23,437.14 crore.
The Indian rupee ended lower against the US dollar as it lost 12 paise in the week ended October 27 to close at 83.24 versus its October 20 closing of 83.12.
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