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.
On June 19, BSE Sensex touched fresh record high of 77,851.63, while Nifty50 hits record high of 23,667.10 on June 21.
Gainers were Bandhan Bank, Vedanta, Axis Bank, ICICI Bank, HDFC Bank, Zomato, while losers were ABB India, Hero MotoCorp, UltraTech Cement, Maruti Suzuki India.
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.
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 fresh record high of 77,851.63, while Nifty50 hits record high of 23,667.10 on June 21.
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The BSE Small-cap index rose 1.5 percent with 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 gained 20-40 percent. On the other hand, 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 lost between 8-11 percent.
BSE Mid-cap Index ended on flat note. Gainers included Samvardhana Motherson International, Clean Science & Technology, IDFC First Bank, Bayer CropScience, JSW Energy, APL Apollo Tubes, Deepak Nitrite and Exide Industries, while losers were Linde India, Tube Investments of India, Zee Entertainment Enterprises, Torrent Power, Power Finance Corporation.
The BSE Large-cap Index ended flat. Gainers were Bandhan Bank, Vedanta, Axis Bank, ICICI Bank, HDFC Bank, Zomato, while losers were ABB India, Hero MotoCorp, UltraTech Cement, Maruti Suzuki India.
In terms of the market value, HDFC Bank added the most, followed by ICICI Bank, Infosys and Axis Bank. On the other hand, Reliance Industries, Larsen & Toubro and Maruti Suzuki India lost the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
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 of Rs 2,030.83 crore, while Domestic Institutional Investors (DII) also bought equities worth Rs 6293.38 crore.
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The Indian rupee ended flat at 83.54 on June 21 against its June 14 closing 83.56.
