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Market gains 3% on falling commodity prices, shrinking FIIs selling

The Indian rupee depreciated further during the last week and touched fresh low of 79.35 per dollar. The INR fell 21 paise to end at 79.25 per dollar on July 08 against its July 01 closing of 79.04.

July 09, 2022 / 09:14 AM IST
After remain consolidated in the previous week, the Indian market witnessed buying in the week ended July 8 supported by positive global markets, declining FIIs selling and falling commodities and crude oil prices, however, depreciation in Indian rupee remained investors’ concern.
Indian stocks witnessed buying interest during the week ended July 8 supported by positive cues from global peers, declining FIIs selling, falling commodities and crude oil prices. However, depreciation in Indian rupee remained a concern for the investors.
For the week, BSE Sensex rose 1,573.91 points (2.97 percent) to close at 54,481.84, while the Nifty50 added 468.55 points (2.97 percent) to end at 16,220.6 levels.
During the week, BSE Sensex advanced 1,573.91 points (2.97 percent) to close at 54,481.84, while the Nifty50 climbed 468.55 points (2.97 percent) to settle at 16,220.6 levels.
BSE Mid-cap Index gained 3.6 percent led by Canara Bank, ABB India, Mahindra & Mahindra Financial Services, Emami, Container Corporation of India, Cummins India, Honeywell Automation, United Breweries and Oberoi Realty.
BSE Mid-cap Index gained 3.6 percent led by Canara Bank, ABB India, Mahindra & Mahindra Financial Services, Emami, Container Corporation of India, Cummins India, Honeywell Automation, United Breweries and Oberoi Realty.
The BSE Small-cap index rose 3.3 percent with Himadri Speciality Chemical, PC Jeweller, Brightcom Group, Steel Exchange India, Sobha, Tarsons Products, Ceat, Ajmera Realty and Infra India, Titagarh Wagons, DB Realty, Butterfly Gandhimathi Appliances, AMI Organics, Alembic, 63 Moons Technologies and TCPL Packaging adding over 15 percent each.
The BSE Small-cap index added 3.3 percent, with Himadri Speciality Chemical, PC Jeweller, Brightcom Group, Steel Exchange India, Sobha, Tarsons Products, Ceat, Ajmera Realty and Infra India, Titagarh Wagons, DB Realty, Butterfly Gandhimathi Appliances, AMI Organics, Alembic, 63 Moons Technologies and TCPL Packaging gaining over 15 percent each.
The BSE Large-cap Index added 3 percent with Avenue Supermarts, Star Health & Allied Insurance Company, ICICI Lombard General Insurance Company, Siemens, Tata Motors - DVR, SBI Cards & Payment Services and Titan Company rising 10-16 percent.
The BSE Large-cap Index added 3 percent, with Avenue Supermarts, Star Health & Allied Insurance Company, ICICI Lombard General Insurance Company, Siemens, Tata Motors - DVR, SBI Cards & Payment Services and Titan Company rising 10-16 percent.
Among BSE Sensex, Hindustan Unilever added most in terms of marketcap followed by ICICI Bank, HDFC Bank and State Bank of India. On the other hand, Tata Consultancy Services and Reliance Industries lost most of its of 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.)
Among BSE listed companies, Hindustan Unilever added most in terms of market capitalization followed by ICICI Bank, HDFC Bank and State Bank of India. On the other hand, Tata Consultancy Services and Reliance Industries were among top laggards in terms of market capitalization. (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 BSE Consumer Durables index surged 6.5 percent, BSE Capital Goods index rose 6 percent, BSE FMCG gained 5.4 percent and BSE Realty added 5 percent.
All the sectoral indices on the BSE ended in the green with BSE Consumer Durables index surged 6.5 percent, BSE Capital Goods index rose 6 percent, BSE FMCG gained 5.4 percent and BSE Realty added 5 percent.
After over a month the foreign institutional investors (FIIs) turned buyer during the week (on Thursday) but remained net seller for the week as they offloaded equities worth of Rs 2218.38 crore. However, domestic institutional investors (DIIs) purchased equities worth of Rs 3910.33 crore in the last week.
After over a month, the foreign institutional investors (FIIs) turned buyers on Thursday but remained net seller for the week as they offloaded equities worth Rs 2218.38 crore. However, domestic institutional investors (DIIs) purchased equities worth of Rs 3910.33 crore during the week gone by.
The Indian rupee decreased further in the last week and touched fresh low of 79.35 per dollar during the week. The INR fell 21 paise to end at 79.25 per dollar on July 08 against its July 01 closing of 79.04.
The Indian rupee depreciated  further during the last week and touched fresh low of 79.35 per dollar. The INR fell 21 paise to end at 79.25 per dollar on July 08 against its July 01 closing of 79.04.
Rakesh Patil
first published: Jul 9, 2022 09:14 am
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