Markets regain positive momentum after 2 weeks in the red: Realty stocks outperform

The Indian benchmark indices snapped a two-week losing streak and ended a percent higher in a volatile week ended November 3 amid positive global markets after the US Fed kept the key policy rates unchanged which led to fall in the US treasury yields and softening crude oil prices.

In this week, the BSE Sensex gained 0.91 percent or 580.98 points to close at 64,363.78, while the Nifty50 added 183.25 points or 0.96 percent to end at 19,230.60.

The BSE MidCap Index added 2 percent. Vodafone Idea, Oberoi Realty, Godrej Properties, REC, Zee Entertainment Enterprises and Power Finance Corporation added 10-26 percent, while losers were Petronet LNG, Schaeffler India, Jindal Steel & Power, Star Health & Allied Insurance Company, Mahindra & Mahindra Financial Services, APL Apollo Tubes and Delhivery.

The BSE SmallCap index jumped nearly 2 percent with Jaiprakash Associates, SEPC, Greenlam Industries, Apollo Micro Systems, Suven Life Sciences, Jaiprakash Power Ventures, Jindal Saw adding over 20 percent each. On the other hand, Vikas WSP, Syrma SGS Technology, Archean Chemical Industries, Linc, Vimta Labs, Thangamayil Jewellery, Prudent Corporate Advisory Services, Savita Oil Technologies, Gujarat Mineral Development Corporation, Aditya Vision and Refex Industries lost between 10-17 percent.

The BSE LargeCap Index gained 1.2 percent led by Indus Towers, DLF, Indian Oil Corporation, Zomato, Adani Power, Bharat Petroleum Corporation, Vedanta and Apollo Hospitals Enterprises.

In terms of the market value, Reliance Industries added the most in terms of market value, followed by State Bank of India, ICICI Bank and Titan Company. However, Maruti Suzuki India, Bajaj Finance and Mahindra and Mahindra lost 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 Realty index added 10 percent, BSE Telecom index rose 5.3 percent, BSE Oil & Gas index gained 3.6 percent, while BSE Auto index shed nearly 1 percent.

Indian rupee ended marginally lower against the US dollar at 83.29 in the week ended November 3 against October 27 closing of 83.24.

Foreign institutional investors (FIIs) continued their selling as they sold equities worth Rs 5,522.38 crore, meanwhile domestic institutional investors (DIIs) bought equities worth Rs 3,540.25 crore.