Market continues record run in second week; all sectors gain

Market extended the gains in the third consecutive week and continued the record making run during the week ended September 27 led by positive global markets after stimulus announcements by China.

This week, BSE Sensex added 1027.54 points or 1.22 percent to end at 85,571.85, while the Nifty50 index rose 388.05 points or 1.50 percent to end at 26,179. On September 27, BSE Sensex and Nifty touched fresh high of 85,978.25 and 26,277.35, respectively

BSE Mid-cap Index jumped 0.7 percent and touched fresh high during the week. Gainers included Steel Authority of India, NMDC, Hindustan Petroleum Corporation, Bharat Heavy Electricals, Canara Bank, Polycab India, Aditya Birla Fashion & Retail, while losers were PB Fintech, Max Healthcare Institute, JSW Energy, Gillette India, Crompton Greaves Consumer Electrical, Supreme Industries.

The BSE Large-cap Index rose 1.5 percent to touched new high during the week. Gainers included Vedanta, GAIL India, Bharat Petroleum Corporation, Tata Steel, The Tata Power Company, Mahindra and Mahindra, Hindalco Industries, Indian Oil Corporation, while losers included Varun Beverages, Bajaj Holdings & Investment, Dabur India, Godrej Consumer Products, Zomato, Avenue Supermarts.

The BSE Small-cap index ended flat for the second consecutive week but hit new high. Zee Media Corporation, Refex Industries, Sree Rayalaseema Hi Strength, BF Utilities, Reliance Power, Optiemus Infracom, Vakrangee, Medicamen Biotech, Sequent Scientific, Elpro International, PC Jeweller, Prataap Snacks, Sangam (India) rose between 20-59 percent. On the other hand, TruCap Finance, Concord Biotech, Fusion Finance, Easy Trip Planners, Kamdhenu Ventures, VST Industries, Magellanic Cloud, Dolat Algotech, S Chand and Company, Hardwyn India, Indian Energy Exchange lost between 11-27 percent.

All the sectoral indices ended in the green with Nifty Metal index rising 7 percent, Nifty Oil & Gas index jumped 5 percent, Nifty Auto index added 4 percent, Nifty PSU Bank index added 3.4 percent.

In terms of the market value, Reliance Industries added the most, followed by Mahindra and Mahindra, Maruti Suzuki India, Sun Pharmaceutical Industries. On the other hand, ICICI Bank, Larsen & Toubro, Kotak Mahindra Bank 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.)

Foreign institutional investors (FIIs) sold equities worth Rs 3,932.80 crore, however, Domestic Institutional Investors (DII) bought equities worth Rs 15,961.71 crore. However, for the month till now, FIIs bought equity worth Rs 22,403.72 crore and DIIs bought equities worth Rs 24,211.50 crore.

The Indian rupee erased previous week gains and ended lower against the US dollar. It closed 13 paise lower at 83.70 on September 27 against its September 20 closing of 83.57.