Market extended the winning run in the second consecutive week ended October 10 with Nifty reclaiming 25,300 amid positive global as well domestic cues including continues DII buying, ease in geopolitical risk, FII turning buyers, positive development in US-India trade talk, and positive start of the earnings season.
For the week, BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82 and Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35.
The BSE Large-cap Index added 1.4 percent supported by Divis Laboratories, Max Healthcare Institute, HCL Technologies, LTIMindtree, Eternal, Swiggy, Infosys, Polycab India, Tata Consultancy Services, Tech Mahindra. However, losers were Jindal Steel, Tata Motors, Hyundai Motor India, Siemens Energy India, Waaree Energies.
BSE Mid-cap Index rose 1.5 percent supported by Sun TV Network, L&T Finance, Aditya Birla Capital, Bank Of India, Aegis Vopak Terminals, National Aluminium Company, Fortis Healthcare. However, losers included Dixon Technologies, Hitachi Energy India, KPIT Technologies, Whirlpool of India.
Story continues below Advertisement
The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent.
Among sectors, Nifty Capital Market and IT indices remained top performers with 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, Nifty Pharma up 2 percent each. However, Nifty Media index shed nearly 3 percent.
During the week, Tata Consultancy Services added the most in terms of market value, followed by Infosys, HCL Technologies, Bharti Airtel. On the other hand, Tata Motors Trent, Hindustan Unilever, lost the most of their market-cap
After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors’ (FIIs) turned net buyers in this week as they bought equities worth Rs 2975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in 25th week, as they purchased equities worth Rs 8,391.11 crore.
Story continues below Advertisement
Indian rupee ended 9 paise higher at 88.69 per dollar on October 10 against the October 3 closing of 88.78. During the week the Indian rupee traded in the range of 88.79-88.50.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!