Market ends flat amid volatility; FII selling continues in 10th week

The Indian benchmark indices ended with little change in the highly volatile week ended September 29 led by F&O expiry, and global cues including the gaining dollar, rising US bond yields, and surging crude oil prices. No rate cut by global US central banks in the near future along with persistent FIIs selling also kept the market under pressure.

In this week, BSE Sensex was down 0.27 percent or 180.74 points to end at 65,828.41, and Nifty50 fell 0.18 percent or 35.95 points to close at 19,638.30.

The BSE Small-cap index rose 1.3 percent with Omaxe, Puravankara, Foods and Inns, Gujarat Mineral Development Corporation, C. E. Info Systems (MapmyIndia), Quick Heal Technologies, Ashoka Buildcon, Gujarat Themis Biosyn, Tata Investment Corporation, Avantel, Garware Hi-Tech Films and Antony Waste Handling Cell adding 15-54 percent. On the other hand, EKI Energy Services, Delta Corp, Navin Fluorine International, Hindustan Foods, Venus Pipes and Tubes, Religare Enterprises, GMR Power and Urban Infra fell between 10-23 percent.

BSE Mid-cap Index gained 1.2 percent led by Oil India, Dalmia Bharat, L&T Finance Holdings, Lupin, Indian Overseas Bank, Glenmark Pharma, REC and Schaeffler India. However, the losers were Tube Investments of India, MphasiS, Delhivery and AU Small Finance Bank.

The BSE Large-cap Index ended flat. Hindustan Aeronautics and Berger Paints India fell 50 percent and 15 percent respectively, while gainers included FSN E-Commerce Ventures (Nykaa), Bajaj Finance, Indus Towers and Coal India.

In terms of the market value, Tata Consultancy Services lost the most in terms of market value, followed by Infosys, Asian Paints and Titan Company. On the other hand, Bajaj Finance, Larsen & Toubro and Bharti Airtel added the most of their market cap.

Among sectors, the BSE Telecom index rose 2.7 percent, the BSE healthcare index added 2.6 percent, BSE realty index gained 2.5 percent, while BSE Metal and Capital Goods indices rose 2 percent each. On the other hand, BSE Information Technology index shed 3 percent and BSE Auto index slipped 0.5 percent.

The selling was continued by Foreign institutional investors (FIIs) on the tenth consecutive week as they offloaded equities worth Rs 8,430.77 crore. Meanwhile, domestic institutional investors (DIIs) bought equities worth Rs 8,143.28 crore this week.

Indian rupee ended 11 paise lower at 83.04 on September 29 against its September 22 closing of 82.93.