Market extend gains in second week; rupee depreciate
The rupee depreciation continued in this week also as the currency ended 24 paise lower at 85.78 per dollar on January 3 against the December 27 closing of 85.54.
The Indian equity market continued the winning run on second consecutive week led by FIIs buying during the week, robust auto sales dat, better GST collections, however, erased some of the weekly gains amid Friday's sell-off.
2/9
This week, BSE Sensex rose 524.04 points or 0.66 percent to close at 79,223.11, while the Nifty50 index added 191.35 points or 0.80 percent to finish at 24,004.75.
3/9
The BSE Large-cap Index jumped 1 percent led by Avenue Supermarts, Cholamandalam Investment and Finance Company, Oil and Natural Gas Corporation, Maruti Suzuki India, Eicher Motors, while losers included Wipro, Interglobe Aviation, Hindalco Industries, ICICI Bank.
4/9
BSE Mid-cap Index rose 1.3 percent with Indian Renewable Energy Development Agency, Oil India, Indraprastha Gas, CRISIL, Muthoot Finance, PB Fintech, Kalyan Jewellers India, Voltas, Jubilant Foodworks rising 7-17 percent. However, Jindal Stainless, Crompton Greaves Consumer Electrical, Phoenix Mills, Gujarat Fluorochemicals, Thermax, Ajanta Pharma, Prestige Estates Projects fell between 5-8 percent.
The BSE Small-cap index added 2 percent with Apollo Micro Systems, ITI, Manoj Vaibhav Gems N Jewellers, EPack Durables, Lloyds Metals and Energy, JSW Holdings, India Tourism Development Corporation, Saregama India, Mercury Ev-Tech, Arihant Superstructures, Taj GVK Hotels & Resorts, Indo Tech Transformers, Sequent Scientific gaining 15-40. On the other hand, Banco Products (India), Surya Roshni, Jai Corp, Triveni Engineering and Industries, Ethos, TVS Holdings, Balaji Amines, Cyient, PC Jeweller, Paisalo Digital, Tips Music shed between 7-54 percent.
6/9
Among sectors, Nifty Auto index surged 4 percent, Nifty Oil & Gas index rose 3.4 percent, while Nifty Energy and FMCG index added 2.4 percent each, while Nifty Realty index shed 2.5 percent.
7/9
Reliance Industries added the most of its market value, followed by Maruti Suzuki India, Bajaj Finance. On the other hand, HDFC Bank, ICICI Bank, Tata Consultancy Services 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 soles beneficiary.)
The rupee depreciation continued in this week also as the currency ended 24 paise lower at 85.78 per dollar on January 3 against the December 27 closing of 85.54.
