Indian equity markets closed in the red for the second consecutive week in the week ended February 18 amid rising geopolitical tensions, rising crude oil prices and continuing FII selling. Last week the market started with the biggest one-day fall since April 2021 but in the next session it showed some recovery. Then in the remaining 3 days it was seen tied in a circle.
The BSE Smallcap index lost over 3 per cent in the week ended February 18. There were about 16 stocks in the smallcap index, which saw a fall of more than 15 percent. These include names like Axtel Industries, Syncom Formulations, Manappuram Finance, NRB Bearings, Mangalam Organics, Metropolis Healthcare. On the other hand, there were 12 smallcap stocks which saw a rise of 10-29 per cent. These include names like Sree Rayalaseema Hi Strength, TCPL Packaging, Excel Industries, Solara Active Pharma Sciences, Everest Industries.
Similarly, the BSE Midcap index saw a fall of 2 per cent. REC, Balkrishna Industries, Gland Pharma, Rajesh Exports, Godrej Industries were the stocks which fell up to 6-9 per cent. On the other hand, Voltas, CRISIL, Adani Power, Page Industries, Cummins India saw a rise of 3-5 percent.
The BSE Largecap index lost 0.7 per cent last week. Piramal Enterprises, NMDC, Ambuja Cements, Bank of Baroda, Interglobe Aviation were the biggest contributors to this decline.
If we look at the BSE Sensex, the biggest fall was seen in the market cap of ICICI Bank last week. After that there were names like ITC, SBI. On the other hand, TCS, Reliance and HUL saw the biggest increase in market cap.
If we look at different sectors, the Nifty PSU Bank index declined by 4.6 per cent, metal index by 4 per cent and Realty index by 2.7 per cent.
For the week ended February 18, FIII sold Rs 12,215.48 crore in the Indian market while DII bought Rs 10,592.21 crore. So far in the month of February, FIIs have sold Rs 21,928.08 crores while DIIs have sold Rs 16,429.46 crores.
If we look at the currency market, the rupee on a weekly basis gained 71 paise to close at 74.66 against the dollar in the week ended February 18. Whereas on February 11, it closed at the level of 75.37.
,