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Market continues to make record highs with support from FIIs; rupee gains

The Indian rupee ended higher in the week ended December 2, gaining 37 paise to close at 81.31 to a dollar against its November 25 closing of 81.68

December 03, 2022 / 09:24 AM IST
Indian benchmark indices continued the gaining momentum in the second consecutive week and rose to fresh all-time highs in the week ended December 2 amid positive cues including softening global inflation, reopening of China, falling US dollar, crude and commodities prices, strong FII buying and positive global markets post Fed’s indication of slower rate hike in December monetary policy.
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The Indian benchmark indices continued the gaining momentum for the second consecutive week and rose to fresh all-time highs in the week ended December 2 amid positive cues including softening global inflation, reopening of China and falling US dollar, crude and commodities prices as well as strong FII buying. The US Fed’s indication of a slower rate hike in December monetary policy also aided sentiment.
For the week, BSE Sensex rose 574.86 points or 0.92 percent to end at 62,868.5 and Nifty50 added 183.35 points or 0.99 percent to close at 18,696.1 levels. On December 1, the BSE Sensex and Nifty hit their life-time highs of 63,583.07 and 18,887.60 respectively.
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For the week, the BSE Sensex rose 574.86 points or 0.92 percent to end at 62,868.5 and the Nifty added 183.35 points or 0.99 percent to close at 18,696.1. On December 1, the 30-pack Sensex and the broad-based Nifty hit their lifetime highs of 63,583.07 and 18,887.60 respectively.
The BSE Small-cap index rose 2.4 percent with HLV, Sadbhav Engineering, Likhitha Infrastructure, Rico Auto, KBC Global, Jaiprakash Associates, Raymond, Cosmo First and Bajaj Hindusthan Sugar adding 20-31 percent.
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The BSE smallcap index rose 2.4 percent, with HLV, Sadbhav Engineering, Likhitha Infrastructure, Rico Auto, KBC Global, Jaiprakash Associates, Raymond, Cosmo First and Bajaj Hindusthan Sugar adding 20-31 percent.
 BSE Mid-cap Index gained 1 percent led by New India Assurance Company, Tube Investments of India, Aditya Birla Capital, Dalmia Bharat, Bharat Heavy Electricals and L&T Technology Services.
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The BSE midcap Index gained 2.8 percent led by New India Assurance Company, Tube Investments of India, Aditya Birla Capital, Dalmia Bharat, Bharat Heavy Electricals and L&T Technology Services.
The BSE Large-cap Index added 1 percent led by One 97 Communications (Paytm), Bandhan Bank, Zomato and ICICI Lombard General Insurance Company.
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The BSE largecap index added a percent led by Paytm parent One 97 Communications, Bandhan Bank, Zomato and ICICI Lombard General Insurance Company.
Among BSE Sensex, Reliance Industries added the most in terms of marketcap followed by Hindustan Unilever, Tata Consultancy Services and UltraTech Cement. On the other hand, Maruti Suzuki India, HDFC Bank and Bajaj Finance lost most of their marketcap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
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Among the Sensex companies, Reliance Industries added the most in terms of the market cap followed by Hindustan Unilever, Tata Consultancy Services and UltraTech Cement. On the other hand, Maruti Suzuki India, HDFC Bank and Bajaj Finance saw the highest erosion in 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.)
All the sectoral indices ended in the green with Nifty Media index gained 4 percent, Nifty Realty index rose 4 percent, Nifty Metal index gained 3.7 percent and Nifty FMCG index was up 2.4 percent.
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All sectoral indices ended in the green. The Nifty media index gained 4 percent, the Nifty realty index 4 percent, the Nifty metal gained 3.7 percent and the Nifty FMCG index was up 2.4 percent.
Foreign institutional investors (FIIs) purchased equities worth Rs 15,067.55 crore of equities, while domestic institutional investors (DIIs) sold equities worth of Rs 1,335.57 crore.
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Foreign institutional investors (FIIs) purchased equities worth Rs 15,067.55 crore, while domestic institutional investors (DIIs) sold equities worth of Rs 1,335.57 crore.
Indian rupee ended higher in the week ended December 2 as it gained 37 paise to close at 81.31 per dollar on November 2 against its November 25 closing of 81.68.
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The Indian rupee ended higher in the week ended December 2. It gained 37 paise to close at 81.31 to a dollar against its November 25 closing of 81.68.