The Indian benchmark indices extended the fall in fifth consecutive week, recording the longest weekly losing streak in two years as investors remained worried about Trump’s 25% tariff on India, hawkish Fed signals, mixed Q1 earnings and persistent FII selling.
2/9
For the week, the BSE Sensex index declined 863.18 points or 1.05 percent to end at 80,599.91, while Nifty50 fell 271.65 points or 1.09 percent to close at 24,565.35.
3/9
The BSE Large-cap Index fell 1.2 percent. Losers included SBI Cards & Payment Services, Indus Towers, Kotak Mahindra Bank, Waaree Energies, DLF, Adani Enterprises, Wipro, Vedanta, while gainers were Varun Beverages, Avenue Supermarts, Bosch, Jio Financial Services, Larsen & Toubro, Hindustan Unilever.
4/9
BSE Mid-cap Index fell 1.8 percent. Losers included Godrej Properties, Relaxo Footwears, Bandhan Bank, Premier Energies, Steel Authority of India, Vedant Fashions, Rail Vikas Nigam, Petronet LNG, Zee Entertainment Enterprises. However, gainers were New India Assurance Company, Coromandel International, MphasiS, Go Digit General Insurance, Jindal Stainless, Procter and Gamble Hygiene and Health Care, Thermax, Page Industries.
The BSE Small-cap index shed 2.5 percent with Home First Finance Company India, Zen Technologies, Paras Defence and Space Technologies, Redington, Five-Star Business Finance, SML Isuzu, Kitex Garments, Faze Three, Blue Dart Express, Sportking India, Sindhu Trade Links, Indo Tech Transformers, Mangalore Refinery and Petrochemicals, Himatsingka Seide falling between 10-17 percent. On the other hand, Jayaswal Neco Industries, Saurashtra Cement, Vimta Labs, Advait Energy, CarTrade Tech, Bliss GVS Pharma, Sudarshan Chemical Industries gained between 15-24 percent.
6/9
On the sectoral, Nifty Realty index slipped 5.7 percent, Nifty Metal index shed 3.4 percent, Nifty PSU Bank index declined 3.2 percent, Nifty Media index fell 3 percent, however, Nifty FMCG index rose 3 percent.
7/9
During the week, Tata Consultancy Services lost the most in terms of market value, followed by Kotak Mahindra Bank, Bajaj Finance, Bharti Airtel. On the other hand, Larsen & Toubro, Hindustan Unilever, HDFC Bank added the most of their market-cap.
8/9
The Foreign Institutional Investors (FIIs) extended their selling in fifth consecutive week, as they sold equities worth Rs 20,524.42 crore, however, Domestic Institutional Investors (DII) continued their buying in 15th week, as they bought equities worth Rs 24,300.05 crore.
The Indian rupee extended the losses in the fourth consecutive week as the dollar index approached the 100 mark. The domestic unit shed 100 paise to close at 87.52 per dollar on August 1 against the July 25 closing of 86.52. During the week the rupee touched a low of 87.73 and high of 86.40.
