Market This Week | Sensex, Nifty at fresh record high; PSU Banks shine, Media underperforms

Indian market extended the rally in the fourth consecutive week ended March 7 with benchmark indices hitting fresh record high supported by positive global cues.

In this week, BSE Sensex ended 313.24 or 0.42 percent higher at 74,119.39. The Nifty50 index rose 115.15 points or 0.51 percent to end at 22,493.55.

The BSE Small-cap index shed 2.6 percent with IIFL Finance, Cressanda Solution ,IIFL Securities, Sanmit Infra, Global Surfaces, Yasho Industries, Agro Tech Foods, Sigachi Industries, Ashoka Buildcon, Rainbow Childrens Medicare, AGS Transact Technologies, Mahanagar Gas, OnMobile Global, Pricol falling between 12-32 percent. On the otehr hand, Tata Chemicals, Tata Investment Corporation, Waaree Renewable Technologies, SMS Pharmaceuticals, Kirloskar Brothers, TCPL Packaging, Schneider Electric Infrastructure, Vidhi Specialty Food Ingredients, Infibeam Avenues and MOIL added between 10-35 percent.

BSE Mid-cap Index ended flat. Gainers included Solar Industries India, Bharat Heavy Electricals, Union Bank of India, Oracle Financial Services Software, Oil India, Bank Of India, while losers were Tube Investments of India, Vedant Fashions, MphasiS, L&T Finance Holdings, GlaxoSmithKline Pharmaceuticals, Supreme Industries, New India Assurance Company and Nuvoco Vistas Corporation.

The BSE Large-cap Index added 0.5 percent led by The Tata Power Company, Bajaj Auto, ICICI Prudential Life Insurance Company, Bharti Airtel, Zydus Lifesciences, Tata Motors, Hindustan Aeronautics, while losers included Adani Wilmar, Zomato, Bajaj Holdings & Investment, UltraTech Cement, Indus Towers, Shree Cements, Mahindra and Mahindra and Berger Paints India.

In terms of the market value, Bharti Airtel added the most in terms of market value, followed by Tata Motors, State Bank of India and Sun Pharmaceutical Industries. On the other hand, Infosys, Reliance Industries and UltraTech Cement 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.)

On the sectoral front, Nifty PSU Bank index rose 3 percent, Nifty Pharma index up 1.5 percent, Nifty Energy up 1.4 percent and Nifty Bank added 1 percent. On the other hand, Nifty Media lost 3.2 percent, Nifty Information Technology index down 1.3 percent and Nifty Realty index shed 1 percent.

Foreign institutional investors (FIIs) sold equities worth of Rs 10,081.08 crore, on the other hand Domestic institutional investors (DIIs) bought equities worth Rs 10,129.17 crore during the week.

The Indian rupee ended 12 paise higher at 82.78 in the week ended March 7 against the March 1 closing 82.90.