Indian markets snapped three-week gaining streak, posting worst weekly fall in nearly six months amid persistent FII selling, fresh US tariff on pharma, higher visa fees, falling rupee and weakening dollar. However, continues DII support and GST implementation provided some support.
2/9
For the week, Nifty50 shed 672.35 points or 2.65 percent to finish at 24,654.70, while the BSE Sensex index fell 2199.77 points or 2.66 percent to end at 80,426.46.
3/9
The BSE Small-cap index declined 4.2 percent with Shankara Building Products, Apollo Pipes, SML Isuzu, MIC Electronics, Prudent Corporate Advisory Services, Sigachi Industries, Cigniti Technologies, SMS Pharmaceuticals, Eimco Elecon (India), Vishnu Prakash R Punglia, IOL Chemicals and Pharmaceuticals, Parsvnath Developers shed up to 77 percent. Zuari Industries, TVS Electronics, Indo Thai Securities, OM Infra, RACL Geartech,Allcargo Terminals, Automotive Stampings and Assemblies rising between 20-30 percent.
4/9
The BSE Large-cap Index fell nearly 3 percent dragged by Tech Mahindra, Waaree Energies, Swiggy, Tata Consultancy Services, Indian Hotels Company, Divis Laboratories, LTIMindtree.
BSE Mid-cap Index shed 4.5 percent with Hexaware Technologies, Coforge, MphasiS, Kalyan Jewellers India, Laurus Labs, Persistent Systems down between 10-15 percent.
6/9
During the week, Tata Consultancy Services lost the most in terms of market value, followed by Reliance Industries, Infosys, HDFC Bank. On the other hand, Maruti Suzuki India, Larsen & Toubro, Axis Bank 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.)
7/9
Foreign Institutional Investors (FIIs) remained net sellers throughout the week, extending their selling for the 13th consecutive week, as they offloaded equities worth Rs 19,570.03 crore, while Domestic Institutional Investors (DII) continued their buying in 24nd week, as they purchased equities worth Rs 17,411.40 crore.
8/9
All the sectoral indices gave a negative return during the week, with Nifty IT index plunged 8 percent, Nifty Realty index shed 6 percent, Nifty Pharma fell 5.2 percent, Nifty Consumer Durables slipped 4.6 percent, Nifty Defence index declined 4.4 percent.
Indian rupee touched fresh record low of 88.80 to end near the low at 88.71 per dollar on September 26 against the September 19 closing of 88.10, down 61 paise in this week. The Indian rupee traded in the range of 88.80-88.12 during the week.
