After a strong rally of the last 2 weeks, the Indian markets were in a consolidation mood in the week ending March 25, 2022 and finally ended the trading week with a fall of about 1 percent. Last week, the market was affected by rising crude oil prices, Russia-Ukraine crisis and increasing cases of COVID in some parts of the world. However, with the lifting of restrictions imposed due to COVID in India, investor sentiments appeared to be improving.
In the week ended March 25, the Sensex closed at 57,362.2, down 501.73 points, or 0.86 per cent. On the other hand, the Nifty has closed at 17,153 with a loss of 134.05 points or 0.77 per cent.
The large cap index lost 0.6 per cent in the week ended yesterday, March 25. Marico, One 97 Communications (Paytm), Godrej Consumer Products, PB Fintech, Britannia Industries, Dabur India, Hindustan Unilever, Titan Company and Nestle fell 6-9 per cent. On the other hand, Adani Total Gas, Aurobindo Pharma, Star Health & Allied Insurance Company, Vedanta, Hindalco Industries and Dr Reddy’s Laboratories saw gains of 7-16 per cent.
Looking at the BSE Smallcap Index, it closed flat last week. Goa Carbon, Tata Teleservices (Maharashtra), Brightcom Group, Ganesh Housing Corporation, Ashapura Minechem and Vishnu Chemical were the best gainers on the BSE Smallcap Index. On the other hand, Dhanvarsha Finvest, Aptus Value Housing Finance India, Future Enterprises, Reliance Capital, MTAR Technologies and Take Solutions saw a rise of 12-17 per cent.
The BSE Midcap index also saw flat trading last week. L&T Finance Holdings, Adani Power, Zee Entertainment Enterprises, Container Corporation of India be among the biggest gainers. On the other hand, Max Financial Services, New India Assurance Company, Abbott India, Emami, Rajesh Exports and IDFC First Bank saw a decline.
In the week ended March 25, the market volume of Reliance Industries on the BSE saw the biggest increase. It was followed by ATA Consultancy Services, ITC and Infosys. While on the other hand HDFC Bank and Housing Development Finance Corporation saw the biggest decline in the market volume.
If we look at different sectors, the Nifty Media Index has seen a rise of 7 percent. The Nifty Metal index is up 5 per cent and Oil & Gas up 3 per cent. On the other hand, Nifty FMCG declined 3.4 per cent. On the other hand, the Nifty Bank index lost 2.8 per cent.
Last week, FIIs sold Rs 5,344.39 crore in the Indian markets while DII bought Rs 2,820.72 crore. On the other hand, in the month of March so far, FIIs have sold Rs 46,961.57 crore while DII is buying Rs 34,440.74 crore.
Last week, there was a fall in the rupee against the dollar. The rupee weakened by 40 paise to close at Rs 76.20 against the dollar in the week ended March 25. Whereas on March 17, the rupee closed at the level of 75.80.
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