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Market extends gain in fourth week; IT, telecom, realty stocks shine

During the week, Foreign Institutional Investors (FIIs) sold equities worth Rs 226.70 crore, while Domestic Institutional Investors (DII) bought equities worth Rs 2880.02 crore.

December 14, 2024 / 10:08 IST
The Indian benchmark indices ended higher for the fourth consecutive week ended December 13 amid volatility, led by mixed global cues ahead of Fed policy outcome next week, while FIIs buying, better Indian CPI and IIP data helped the indices to reduce the weekly losses.
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The Indian benchmark indices ended higher for the fourth consecutive week ended December 13 amid volatility, led by mixed global cues ahead of Fed policy outcome next week, while FIIs buying, better Indian CPI and IIP data helped the indices to reduce the weekly losses..
This week, BSE Sensex rose 623.07 points or 0.76 percent to end at 82,133.12, while the Nifty50 index gained 90.5 points or 0.36 percent to close at 24,768.30.
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This week, BSE Sensex rose 623.07 points or 0.76 percent to end at 82,133.12, while the Nifty50 index gained 90.5 points or 0.36 percent to close at 24,768.30.
BSE Mid-cap Index was up 0.2 percent. Major gainers were Delhivery, Clean Science & Technology, CRISIL, Max Healthcare Institute, Nippon Life India Asset Management, Muthoot Finance, while losers were Emami, Zee Entertainment Enterprises, Biocon, Go Digit General Insurance, UCO Bank, Sun TV Network, Sona BLW Precision Forgings, Kansai Nerolac Paints, Castrol India.
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BSE Mid-cap Index was up 0.2 percent. Major gainers were Delhivery, Clean Science & Technology, CRISIL, Max Healthcare Institute, Nippon Life India Asset Management, Muthoot Finance, while losers were Emami, Zee Entertainment Enterprises, Biocon, Go Digit General Insurance, UCO Bank, Sun TV Network, Sona BLW Precision Forgings, Kansai Nerolac Paints, Castrol India.
The BSE Large-cap Index rose 0.24 percent led by LTIMindtree, Jindal Steel & Power, Bharti Airtel, Bajaj Finance, Bajaj Holdings & Investment, Wipro, HDFC Asset Management Company, while losers included Godrej Consumer Products, Life Insurance Corporation of India, Zomato, Tata Consumer Products, IDBI Bank, Divis Laboratories, Indus Towers, Avenue Supermarts.
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The BSE Large-cap Index rose 0.24 percent led by LTIMindtree, Jindal Steel & Power, Bharti Airtel, Bajaj Finance, Bajaj Holdings & Investment, Wipro, HDFC Asset Management Company, while losers included Godrej Consumer Products, Life Insurance Corporation of India, Zomato, Tata Consumer Products, IDBI Bank, Divis Laboratories, Indus Towers, Avenue Supermarts.
The BSE Small-cap index was down marginally. Centum Electronics, Sunflag Iron and Steel Company, Gokaldas Exports, Greaves Cotton, Kitex Garments, Gujarat Industries Power, Indo Count Industries, Varroc Engineering, Vidhi Specialty Food Ingredients, Cantabil Retail India, Permanent Magnets gained between 14-36 percent, while Abans Holdings, EKI Energy Services, Neuland Laboratories, Sapphire Foods India, Jana Small Finance Bank, Gopal Snacks lost between 10-14 percent.
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The BSE Small-cap index was down marginally. Centum Electronics, Sunflag Iron and Steel Company, Gokaldas Exports, Greaves Cotton, Kitex Garments, Gujarat Industries Power, Indo Count Industries, Varroc Engineering, Vidhi Specialty Food Ingredients, Cantabil Retail India, Permanent Magnets gained between 14-36 percent, while Abans Holdings, EKI Energy Services, Neuland Laboratories, Sapphire Foods India, Jana Small Finance Bank, Gopal Snacks lost between 10-14 percent.
On the sectoral front, BSE Information Technology index rose 2.6 percent, BSE Telecom index was up 1.7 percent, BSE Realty index rose 0.6 percent. On the other hand, BSE Energy and FMCG indices shed 1.5 percent each, and BSE Oil & Gas index slipped nearly 1 percent.
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On the sectoral front, BSE Information Technology index rose 2.6 percent, BSE Telecom index was up 1.7 percent, BSE Realty index rose 0.6 percent. On the other hand, BSE Energy and FMCG indices shed 1.5 percent each, and BSE Oil & Gas index slipped nearly 1 percent.
Bharti Airtel added the most of its market value, followed by Infosys, Bajaj Finance, HCL Technologies. On the other hand, Reliance Industries, Hindustan Unilever, NTPC 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.)
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Bharti Airtel added the most of its market value, followed by Infosys, Bajaj Finance, HCL Technologies. On the other hand, Reliance Industries, Hindustan Unilever, NTPC 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.)
During the week, Foreign Institutional Investors (FIIs) sold equities worth Rs 226.70 crore, while Domestic Institutional Investors (DII) bought equities worth Rs 2880.02 crore. However, in the month of December till now, FIIs purchased equities worth Rs 11,706.89 crore, while DIIs bought equities worth Rs 4,672.49 crore.
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During the week, Foreign Institutional Investors (FIIs) sold equities worth Rs 226.70 crore, while Domestic Institutional Investors (DII) bought equities worth Rs 2880.02 crore. However, in the month of December till now, FIIs purchased equities worth Rs 11,706.89 crore, while DIIs bought equities worth Rs 4,672.49 crore.
The Indian rupee hit fresh record low of 84.86 during the week ended December 13. However, domestic currency extended the losses as it ended 10 paise lower at 84.79 per dollar on December 13 against the December 6 closing of 84.69.
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The Indian rupee hit fresh record low of 84.86 during the week ended December 13. However, domestic currency extended the losses as it ended 10 paise lower at 84.79 per dollar on December 13 against the December 6 closing of 84.69.
Rakesh Patil
first published: Dec 14, 2024 10:07 am

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