February 22, 2024

December 16, 2023 / 09:30 AM IST

Indian markets prolonged their successful streak for the seventh consecutive week with benchmarks hitting new lifetime highs within the week ended December 15 led by optimistic international in addition to home cues, together with dovish Fed stance, FII shopping for, higher macro knowledge, and, no change within the coverage charges by the foremost international central banks.

This week, BSE Sensex rose 2.37 % or 1,658.15 factors to finish at 71,483.75 after hitting a report excessive of 71,605.76, whereas Nifty50 added 487.3 factors or 2.32 % to shut at 21,456.70, hitting a brand new milestone of 21,492.30. For the week, each the benchmarks gained 6.5 % every.

BSE Mid-cap Index gained 11.5 percent and hit record high of 36,421.02 in this week led by Gujarat Fluorochemicals, Steel Authority of India, GMR Airports Infrastructure, Persistent Systems, MphasiS, Union Bank of India, Solar Industries India and Vodafone Idea. However, losers were PI Industries, Vedant Fashions, Delhivery, Torrent Power, Max Financial Services, JSW Energy, PB Fintech and Crompton Greaves Consumer Electrical.

BSE Mid-cap Index gained 11.5 % and hit a report excessive of 36,421.02 this week led by Gujarat Fluorochemicals, Metal Authority of India, GMR Airports Infrastructure, Persistent Techniques, MphasiS, Union Financial institution of India, Photo voltaic Industries India and Vodafone Concept. Nonetheless, the losers have been PI Industries, Vedant Fashions, Delhivery, Torrent Energy, Max Monetary Providers, JSW Vitality, PB Fintech and Crompton Greaves Shopper Electrical.

The BSE Large-cap Index surged nearly 11 percent supported by Info Edge India, HCL Technologies, DLF, LTIMindtree, Bandhan Bank, Hindalco Industries, NTPC, UltraTech Cement. Losers included Adani Total Gas, Adani Energy Solutions, One 97 Communications (Paytm), Bharat Petroleum Corporation and ICICI Prudential Life Insurance Company.

The BSE Giant-cap Index surged practically 11 % supported by Data Edge India, HCL Applied sciences, DLF, LTIMindtree, Bandhan Financial institution, Hindalco Industries, NTPC, UltraTech Cement. Losers included Adani Whole Gasoline, Adani Vitality Options, One 97 Communications (Paytm), Bharat Petroleum Company and ICICI Prudential Life Insurance coverage Firm.

The BSE Small-cap index rose 9.7 percent with GTL Infrastructure, Coffee Day Enterprises, PTC India Financial Services, Mangalam Cement, Wockhardt, Inox Green Energy Services, Housing & Urban Development Corporation, Onward Technologies, Vikas WSP, Sandur Manganese and Iron Ores and Kiri Industries rising between 20-35 percent. On the other hand, 63 Moons Technologies, Axita Cotton, Jain Irrigation Systems, BCL Industries, LLOYDS ENTERPRISES, PRAVEG, EKI Energy Services lost between 8-22 percent.

The BSE Small-cap index rose 9.7 % with GTL Infrastructure, Espresso Day Enterprises, PTC India Monetary Providers, Mangalam Cement, Wockhardt, Inox Inexperienced Vitality Providers, Housing & City Growth Company, Onward Applied sciences, Vikas WSP, Sandur Manganese and Iron Ores and Kiri Industries rising between 20-35 %. Then again, 63 Moons Applied sciences, Axita Cotton, Jain Irrigation Techniques, BCL Industries, LLOYDS ENTERPRISES, PRAVEG, EKI Vitality Providers misplaced between 8-22 %.

In terms of the market value, Tata Consultancy Services added the most in terms of market value, followed by Infosys, HCL Technologies and State Bank of India. On the other hand, Maruti Suzuki India, Nestle India and Bharti Airtel lost the most of their market-cap.

By way of the market worth, Tata Consultancy Providers added probably the most by way of market worth, adopted by Infosys, HCL Applied sciences and State Financial institution of India. Then again, Maruti Suzuki India, Nestle India and Bharti Airtel misplaced most of their market cap.

All the sectoral indices ended in the green with Nifty Information Technology added 7 percent, Nifty PSU Bank and Metal indices rose 5 percent each, and Nifty Realty index gained nearly 4 percent.

All of the sectoral indices ended within the inexperienced with Nifty Info Know-how including 7 %, Nifty PSU Financial institution and Steel indices rising 5 % every, and Nifty Realty index gaining practically 4 %.

Foreign institutional investors (FIIs) extended the buying in this week as they bought equities worth of Rs 18,858.34 crore, while Domestic institutional investors (DIIs) sold equities worth Rs 2,592.35 crore. In the month of December so far, FIIs bought equities worth Rs 29,733.06 crore, while DIIs purchased equities worth Rs 3,182.20 crore.

International institutional traders (FIIs) prolonged the shopping for this week as they purchased equities price Rs 18,858.34 crore, whereas Home institutional traders (DIIs) bought equities price Rs 2,592.35 crore. In December up to now, FIIs purchased equities price Rs 29,733.06 crore, whereas DIIs bought equities price Rs 3,182.20 crore.

Indian rupee has recovered in this week as the INR gained 39 paise versus USD, to end at 83.00 in the week ended December 15 against December 8 closing of 83.39.

The Indian rupee has recovered this week because the INR gained 39 paise versus USD, to finish at 83.00 within the week ended December 15 towards December 8 closing at 83.39.

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