In the week ending March 17, the Indian market saw a rise for the second consecutive week. The market closed with a gain of 4 per cent on factors such as the easing of crude oil, the prospect of further progress of peace talks between Russia and Ukraine and the return of FII buying after 10 weeks.
Last week, the BSE Sensex closed at 57,863.93 with a gain of 2,313.63 points, or 4.16 per cent. On the other hand, Nifty closed at 17,287.05 with a gain of 656.6 points or 3.94 per cent.
The BSE Largecap index closed with a gain of 4 per cent for the week gone by. Bandhan Bank, Piramal Enterprises, Titan Company, Housing Development Finance Corporation, Maruti Suzuki India and Mahindra and Mahindra were the top gainers in large caps. While Hindustan Petroleum Corporation, NMDC, Oil and Natural Gas Corporation, Coal India and Hindalco Industries were the top losers.
The mid-cap index jumped 2.2 per cent on a weekly basis during this period. Ajanta Pharma, PI Industries, Mahindra & Mahindra Financial Services, Nippon Life India Asset Management, Balkrishna Industries, Ashok Leyland and Motilal Oswal Financial Services were the top mid-cap gainers.
Similarly, the smallcap index managed to close with a gain of 2 per cent. Angel One, Usha Martin, Andhra Paper, AVT Natural Products, Bharat Dynamics, Tata Teleservices (Maharashtra), Reliance Capital, Brightcom Group, SREI Infrastructure Finance and Technocraft Industries gained over 20 per cent while Future Lifestyle Fashions, Future Enterprises DVR, Future Retail, Future Supply Chain Solutions, SVP Global Textiles declined by 10-20 per cent.
If we look at the BSE Sensex, the biggest increase was seen in the market cap of Reliance Industries, HDFC Bank, Housing Development Finance Corporation and ICICI Bank last week. On the other hand, Power Grid Corporation of India is the only stock whose market cap has seen a decline of Rs 662.67 crore.
Last week all the sectoral indices closed in the green. Nifty Auto and Bank indices gained 5 per cent. On the other hand, the realty index saw a rise of 4.7 percent.
On a weekly basis, there was an increase in the rupee against the dollar. The rupee gained 79 paise to close at 75.80, while on March 11 it closed at 76.59.
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In the week ending March 17, FIIs were net buyers for the first time after 10 weeks. Last week, he bought Rs 1,685.87 crore in the Indian markets while DII bought Rs 1290.97 crore. However, so far in March, FIIs have sold Rs 41,617.18 crore in the Indian market while DIIs have bought Rs 31,620.02 crore.
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