In this week, the Indian rupee extended the gains against the US dollar as it ended higher by 23 paise at 85.23 per dollar on April 4 against the March 28 closing of 85.46.
Indian equity market snapped two-week gaining streak amid fears of a trade war, which led to global sell-off following US President Donand Trump’s reciprocal tariff announcements and renewed concerns over the economic slowdown.
2/9
For the week, the BSE Sensex index shed 2050.23 points or 2.64 percent to close at 75,364.69, and Nifty50 fell 614.9 points or 2.61 percent to end at 22,904.45.
3/9
The BSE Large-cap Index plunged 2.5 percent dragged by Dabur India, Bajaj Holdings & Investment, HCL Technologies, Waaree Energies, Info Edge India, Tata Consultancy Services, Vedanta, while gainers included IndusInd Bank, Indus Towers, Tata Consumer Products, Trent, Canara Bank.
4/9
BSE Mid-cap Index declined 2.5 percent with Punjab and Sind Bank, UCO Bank, Central Bank of India, Persistent Systems, Coforge falling 11-30 percent, while IDFC First Bank, Zee Entertainment Enterprises, GMR Airports, Whirlpool of India, Kalyan Jewellers India rises 9 percent each.
The BSE Small-cap index shed 1.6 percent with Pokarna, Garware Hi-Tech Films, Avanti Feeds, Gensol Engineering, Blue Jet Healthcare, MPS, Sharda Cropchem, Cigniti Technologies falling between 9-25 percent. However, Hester Biosciences, Baazar Style Retail, Primo Chemicals, Shiva Cement, Valiant Organics, Nacl Industries, Vadilal Industries, Sportking India, Ganesh Benzoplast, Vardhman Textiles, Parag Milk Foods, Tarsons Products rising between 21-46 percent.
6/9
On the sectoral front, Nifty Information Technology index records biggest weekly fall of 9 percent since COVID 2020 on global growth concerns. Nifty Metal index down 7.5 percent, Nifty Oil & Gas index shed 4 percent, while Nifty Realty and Auto indices slipped 3 percent each.
7/9
In this week, Tata Consultancy Services lost the most of its market value, followed by Reliance Industries, HCL Technologies, Infosys. On the other hand, Zomato, Bharti Airtel, Sun Pharmaceutical Industries 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.)
8/9
Foreign Institutional Investors (FIIs) turned net sellers in this week, as they sold equities worth Rs 13,730.49 crore, while Domestic Institutional Investors (DII) bought equities worth Rs 5,632.56 crore.
In this week, the Indian rupee extended the gains against the US dollar as it ended higher by 23 paise at 85.23 per dollar on April 4 against the March 28 closing of 85.46.
