Market ends lower in second week amid persistent FIIs selling; rupee hits new low
The India rupee touched fresh record low of 86.70 during the week and closed lower by 64 paise to end at 86.61 per dollar on January 17 against the January 10 closing of 85.97.
The Indian equity market extended the profit booking in the second consecutive week led by continues FII selling, mixed global markets, further rupee depreciation and rising dollar and crude oil prices.
2/9
This week, BSE Sensex declined 759.58 points or 0.98 percent to finish at 76,619.33, while the Nifty50 index shed 228.3 points or 0.97 percent to end at 23,203.20.
3/9
The BSE Large-cap Index fell 0.5 percent with HCL Technologies, Macrotech Developers, Infosys, United Spirits, Varun Beverages, Wipro, Mahindra and Mahindra, Trent falling 5-10 percent, while IDBI Bank, Adani Green Energy, Indus Towers, Adani Power, Adani Energy Solutions adding 10-21 percent.
4/9
BSE Mid-cap Index shed 1 percent with Kalyan Jewellers India, Oracle Financial Services Software, Max Healthcare Institute, Linde India, Bharti Hexacom, Adani Wilmar, Coforge down between 6-20 percent. On the other hand, Punjab & Sind Bank, L&T Technology Services, Torrent Power, Biocon, Rail Vikas Nigam added between 8-11 percent.
The BSE Small-cap index declined 0.8 percent with ITI, Jai Corp, Yatharth Hospital and Trauma Care Services, Amber Enterprises India, Vijaya Diagnostic Centre, Spandana Sphoorty Financial, KFin Technologies, Orchid Pharma, Just Dial, Kingfa Science & Technology, Zen Technologies, Network 18 Media & Investments, VIP Industries, SignatureGlobal India shed between 10-15 percent. On the other hand, Aeroflex Industries, Benares Hotels, Magellanic Cloud, Navkar Corporation, Ircon International, Ashapura Minechem, NBCC (India), Sat Industries, Ganesh Housing Corporation, Siyaram Silk Mills, Goldiam International, Sigachi Industries, Fineotex Chemical added between 12-29 percent.
6/9
Among sectors, Nifty Information Technology index shed nearly 6 percent, Nifty Realty down 2.5 percent, Nifty Healthcare, Media, FMCG indices fell more than 2 percent each, while Nifty PSU Bank, Metal indices rose 3 percent each.
7/9
Foreign Institutional Investors (FIIs) sold equities worth Rs 25,218.60 crore during the week, whikle Domestic Institutional Investors (DII) bought equities worth Rs 25,151.27 crore. However, in this month till now, FIIs offloaded equities worth Rs 46,576.06 crore and DIIs purchased equities worth Rs 49,367.14 crore.
8/9
The India rupee touched fresh record low of 86.70 during the week and closed lower by 64 paise to end at 86.61 per dollar on January 17 against the January 10 closing of 85.97.
Infosys lost the most of its market value, followed by HCL Technologies, Tata Consultancy Services, Mahindra and Mahindra. On the other hand, Reliance Industries, State Bank of India, NTPC added 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 soles beneficiary.)
