📷 Image Credits: Moneycontrol
The Indian market ended higher for the third straight week with benchmarks posting fresh all-time highs with extended buying from FIIs. However, the market witnessed high volatility amid weak progress of monsoon and mixed global markets.
In this week, BSE Sensex added 217.13 points or 0.28 percent to end at 77,209.90, while Nifty50 index rose 35.5 points or 0.15 percent to close at 23,501.10. On June 19, BSE Sensex touched a fresh record high of 77,851.63, while Nifty50 hits a record high of 23,667.10 on June 21.
The BSE Small-cap index rose 1.5 percent with gains from companies like Moschip Technologies, Bhansali Engineering Polymers, Hester Biosciences, C. E. Info Systems (MapmyIndia), Heubach Colorants India, Rashtriya Chemicals and Fertilisers, Punjab Chemicals & Crop Protection, National Fertilizers, Shakti Pumps (India) and Chambal Fertilisers and Chemicals. On the other hand, companies like Lancer Containers Lines, Som Distilleries and Breweries, Chemplast Sanmar, KNR Constructions, ZF Commercial Vehicle Control Systems India, Kamdhenu Ventures, Garware Hi-Tech Films, PTC Industries reported losses.
The BSE Mid-cap Index ended on a flat note. Gainers included companies like Samvardhana Motherson International, Clean Science & Technology, IDFC First Bank, Bayer CropScience, JSW Energy, APL Apollo Tubes, Deepak Nitrite and Exide Industries, while losers were companies like Linde India, Tube Investments of India, Zee Entertainment Enterprises, Torrent Power, Power Finance Corporation.
The BSE Large-cap Index also ended flat. Gainers in this segment were Bandhan Bank, Vedanta, Axis Bank, ICICI Bank, HDFC Bank, Zomato, while losers were ABB India, Hero MotoCorp, UltraTech Cement, Maruti Suzuki India.
HDFC Bank added the most in terms of market value, followed by ICICI Bank, Infosys, and Axis Bank. On the other hand, companies like Reliance Industries, Larsen & Toubro, and Maruti Suzuki India reported the most significant losses in their market-cap.
Among sectors, Nifty Bank index gained more than 3 percent, Nifty Information Technology index up nearly 2 percent, and Nifty Metal index up nearly 1 percent. However, Nifty Auto index slipped 2.5 percent, Nifty FMCG index shed 2 percent, Nifty Oil & Gas and Pharma indices down 2 percent each.
During the week, Foreign institutional investors (FIIs) bought equities worth Rs 2,030.83 crore, while Domestic Institutional Investors (DII) also bought equities worth Rs 6293.38 crore.
The Indian rupee ended flat at 83.54 on June 21 against its June 14 closing 83.56.
