Last week, Indian markets were under pressure amid weak global cues. With this, the 5-week gallop race of Sensex-Nifty was seen to be curbed. Last week, the BSE Sensex closed at 58,765.58, down 1,282.89 points, or 2.13 per cent. On the other hand, the Nifty closed at 17,532 with a fall of 321.2 points, or 1.79 per cent. In the month of September, the Sensex and Nifty saw a gain of about 3-3 per cent.
If we look at the giants, then the BSE Largecap index saw a fall of 1.6 percent in the last week. Tech Mahindra, HDFC Asset Management Company, Larsen & Toubro Infotech, Asian Paints, Interglobe Aviation and Bajaj Finserv were the biggest contributors to this decline. While Tata Motors – DVR, Coal India, NTPC, Power Grid Corporation of India, HPCL, IOC and ONGC were the biggest gainers.
The midcap index closed flat for the week ended October 1. IDBI Bank, Tata Power Company, Bharat Heavy Electricals, Oil India, GMR Infrastructure, Canara Bank, Jindal Steel & Power, AU Small Finance Bank, JSW Energy saw gains of up to 10-28 per cent. On the other hand, Mphasis, Mindtree, Cummins India, Zee Entertainment Enterprises, Apollo Hospitals Enterprise, Shriram Transport Finance Company, Balkrishna Industries, Tata Consumer Products and Page Industries saw a decline.
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The BSE Smallcap index gained 0.7 percent in the last week. Imagicaaworld Entertainment, Triveni Turbine, Nelco, Brightcom Group, Sri Adhikari Brothers Television Network, IL&FS Transportation Networks, India Glycols, HLV, Yamini Investments, Gujarat Alkalies, Patel Engineering and Trident were the top gainers. While Gold Line International Finvest, New Delhi Television, JBF Industries, Virtual Global Education, Kesoram Industries, Bajaj Electricals, Opto Circuits (India) and Birlasoft were the top losers.
In the week ended October 1, the market cap of TCS saw the biggest increase. It was followed by Infosys, Bharti Airtel and Asian Paints. On the other hand, the market cap of Reliance Industries and NTPC saw the biggest decline.
Looking at different sectors, Nifty IT was hit the most and it lost 6 per cent last week. On the other hand, Nifty PSU Bank and Energy index saw a gain of about 6 per cent.
Last week, FII sold Rs 6,092.56 crore in the Indian markets. On the other hand, domestic institutional investors bought Rs 4,305.4 crore. For the entire September, FIIs bought Rs 913.77 crore in the Indian markets while DIIs made purchases of Rs 5,948.85 crore.
Last week, the Indian rupee weakened by 43 paise on a weekly basis against the dollar and closed at 74.12 against the closing of 73.69 on September 24.
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