In the week ended June 11, the Indian markets saw an increase for the fourth consecutive week. This week the Nifty has seen a gain of about 1 percent. The decline in new cases of corona in the country, a good start of monsoon, the pace of vaccination and the hope of a faster economic recovery have filled the market. Due to which the Sensex Nifty is setting new record highs.
Last week, the Sensex closed at 52,474.76 with a gain of 374.71 points, or 0.71 per cent. On the other hand, Nifty closed at 15,799.4 with a gain of 129.15 points, or 0.82 percent. In yesterday’s trading session, Nifty touched a new record high of 15,835.55 and Sensex touched a new record high of 52,641.53.
The BSE Smallcap index has gained 3.5 per cent in the last week. In this, HCL Infosystems, Shree Renuka Sugars, Jaiprakash Associates and BF Utilities were the top gainers. An increase of up to 40 percent was seen in these. While Varroc Engineering, PNB Gilts, Gokaldas Exports, Bank of Maharashtra and Soril Infra Resources were among the top losers. There was a decline of 8 to 13 percent of these.
The BSE Midcap index gained nearly 2 per cent in the last week ended June 11. Adani Power, CRISIL, Tata Power Company and JSW Energy were the top gainers in the midcaps, seeing a rise of 13-40 per cent. Adani Enterprises, Voltas and Adani Green Energy remained in the top losers.
In the week ended yesterday, the BSE Largecap index saw a rise of about 1 per cent. Piramal Enterprises, Power Grid Corporation, Tata Motors DVR, Coal India and NTPC contributed significantly in this. While Petronet LNG, NMDC and Havells India were the top losers in large caps.
If we look at the market capitalization, TCS has seen the biggest increase in the market cap on the BSE Sensex. It was followed by Infosys, Reliance Industries and HCL Tech. On the other hand, HDFC twins saw the biggest fall in the market value this week.
Looking at individual sectors, Nifty IT outperformed all sectoral indices last week. The IT index has seen a rise of 4.5 percent. On the other hand, Nifty gained 3.5 per cent and Nifty Pharma gained 2.5 per cent.
Last week, FIIs bought Rs 1738.22 crore in the Indian market. At the same time, domestic institutional investors have sold Rs 823.54 crore. So far in June, FIIs have bought Rs 4,788.03 crore in Indian markets while domestic institutional investors have sold Rs 1,805.27 crore.
In the week ended yesterday, there was a slight weakness in the rupee against the dollar. In the week ended yesterday, the rupee has declined by 7 paise to close at 73.07 against the dollar on a weekly basis, compared to its closing level of 73 on June 4.
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