Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
Budget 2023
Budget 2023

In a week of record highs in markets, 48 small-cap stocks gain 10-36%

In November, so far, foreign institutional investors have purchased equities worth Rs 11,358.48 crore, while domestic institutional investors sold equities worth Rs 1,588.43 crore

November 27, 2022 / 01:42 PM IST

The Indian market scaled new highs in the week ended November 25, as investors cheered suggestions of the US Federal Reserve slowing rate hike pace, a fall in crude oil prices, a weak dollar and buying by foreign investors.

For the week, the 30-pack BSE Sensex rose 630.16 points, or 1 percent, to end at 62,293.64, while the broader Nifty added 205.15 points, or 1.12 percent, to close at 18,512.80 levels.

During the week, the Sensex and the Bank Nifty also touched all-time highs, while the Nifty is just shy of its life high.

On the sectoral front, the Nifty media index rose 5.4 percent, PSU bank index added 5 percent and oil & gas and information technology 2.5 percent each. The Nifty realty index, however, shed nearly a percent.