Market bounces back, gains 1% amid volatility; rupee flat

Indian market erased previous week losses and added more than a percent boosted by auto, oil & gas and banking names. The market got support from positive global markets, favourable domestic inflation data and final leg of quarterly earnings from India Inc.

In this week, Nifty added 258.2 points or 1.18 percent to end at 22,040.70, while BSE Sensex rose 831.15 or 1.16 percent to close at 72,426.64.

The BSE Small-cap index ended on a flat note. Jubilant Industries, Mangalore Refinery and Petrochemicals, Force Motors, Natco Pharma, Time Technoplast, 63 Moons Technologies and HPL Electric & Power rose 21-55 percent, while ISGEC Heavy Engineering, Permanent Magnets, Salasar Techno Engineering, Dhunseri Ventures, Andhra Petro, Kamdhenu Ventures, Orient Green Power Company and Visaka Industries lost between 15-23 percent.

BSE Mid-cap Index rose 1 percent led by Federal Bank, Oil India, Hindustan Petroleum Corporation, Polycab India, MphasiS and MRF, while SJVN, Bharat Forge, Rajesh Exports, Zee Entertainment Enterprises and Aditya Birla Fashion & Retail lost 8-14 percent.

The BSE Large-cap Index added 1.2 percent led by Mahindra and Mahindra, Bosch, Wipro and Zydus Lifesciences. On the other hand, One 97 Communications (Paytm) and Hindalco Industries shed 18 percent and 13 percent, respectively.

In terms of the market value, Wipro added the most in terms of market value, followed by State Bank of India, Mahindra and Mahindra and Maruti Suzuki India. On the other hand, ITC, Hindustan Unilever and Sun Pharmaceutical Industries lost the most of their market-cap.

On the sectoral front, BSE Auto index rose 5 percent, BSE Oil & Gas index gained 3 percent, BSE Energy index rose 3 percent. On the other hand, BSE Telecom, FMCG and Metal indices down 0.5 percent each.

Foreign institutional investors (FIIs) extended the selling in this week ad they sold equities worth of Rs 6,237.55 crore, while Domestic institutional investors (DIIs) have provided support with buying of equities worth Rs 8,731.60 crore during the week. However, in the month of February till now, the FIIs sold equities worth Rs 13,917.89 crore, while DIIs bought equities worth Rs 17,393.01 crore.

The Indian rupee ended flat at 83.01 for the week ended February 16 against the February 9 closing of 83.03.