The Indian equity market ended lower for the second consecutive week amid volatility led by the continued outflow of FII and depreciation in the rupee amid the delay in the India-US trade deal. BSE Sensex index fell 338.3 points or 0.39 percent at 84,929.36, while Nifty50 index shed 80.55 points or 0.30 percent at 25,966.40. The BSE Large-cap Index ended with marginal losses. Indian Overseas Bank, Cholamandalam Investment and Finance Company, Siemens Energy India, Axis Bank, Adani Total Gas, Cummins India, JSW Steel, and Eternal fell between 4-8 percent, while gainers included Vedanta, Shriram Finance, Interglobe Aviation, Hindustan Zinc, and Britannia Industries. BSE Mid-cap Index ended on a flat note. New India Assurance Company, Ola Electric Mobility, JK Cement, Hitachi Energy India, Punjab and Sind Bank, Steel Authority of India, General Insurance Corporation of India, GE Vernova TD India fell between 4-9 percent. However, Deepak Nitrite, Mahindra and Mahindra Financial Services, Tata Elxsi, Bharti Hexacom, Ashok Leyland, and KEI Industries added 5-9 percent. The BSE Small-cap index ended flat. Kothari Industrial Corporation, Wonder Electricals, Worth Investment & Trading, Vishnu Prakash R Punglia, Kamdhenu, Wardwizard Innovations and Mobility, Akzo Nobel India, and Gallantt Ispat shed between 12-22 percent. On the other hand, Reliance Infrastructure, Roto Pumps, LLOYDS ENTERPRISES, Bliss GVS Pharma, Gandhar Oil Refinery India, Rain Industries, Antony Waste Handling Cell, and DCX Systems added more than 15 percent. The BSE Small-cap index ended flat. Kothari Industrial Corporation, Wonder Electricals, Worth Investment & Trading, Vishnu Prakash R Punglia, Kamdhenu, Wardwizard Innovations and Mobility, Akzo Nobel India, Gallantt Ispat shed between 12-22 percent. On the other hand, Reliance Infrastructure, Roto Pumps, LLOYDS ENTERPRISES, Bliss GVS Pharma, Gandhar Oil Refinery India, Rain Industries, Antony Waste Handling Cell, and DCX Systems added more than 15 percent. Among sectors, Nifty Private Bank and Media indices lost 1 percent each, Nifty Auto, Nifty India Defence, and Nifty Bank shed 0.5% each. However, Nifty PSU Bank and IT indices added 1% each, while Nifty FMCG and Nifty Consumer Durables rose 0.5% each. During the week, HDFC Bank lost the most in terms of market value, followed by Axis Bank, Sun Pharmaceutical Industries, and Eternal. On the other hand, Tata Consultancy Services, Infosys, and State Bank of India added the most of their market-cap. The Foreign Institutional Investors (FIIs) turned net buyers for the last three consecutive sessions of the week, but they remained net sellers for the week as they sold equities of only Rs 251.86 crore, as compared to last week's selling of Rs 9,201.89 crore. On the other hand, Domestic Institutional Investors (DII) continued their buying this week, also as they bought equities worth Rs 12,061.92 crore. During the week, the Indian rupee has touched a record low of 91.08 but made a strong rebound from the lows and ended higher by 77 paise at 89.65 on December 19 against the December 12 closing of 90.42. During the week, the Indian rupee traded between 89.64 and 91.08.
