Indian markets: All sectoral indices finished in the green, with Nifty Information Technology up 7%, Nifty PSU Bank and Metal indices up 5% each, and Nifty Realty up nearly 4%.
Indian markets extended their winning streak for the seventh week in a row, with benchmarks setting new lifetime highs in the week ended December 15, fueled by positive global and domestic cues such as a dovish Fed stance, FII buying, improved macro data, and no change in policy rates by the major global central banks.
This week, the BSE Sensex gained 2.37 percent or 1,658.15 points to close at 71,483.75 after reaching a new high of 71,605.76, while the Nifty50 gained 487.3 points or 2.32 percent to close at 21,456.70 after reaching a new high of 21,492.30. Both benchmarks gained 6.5 percent for the week.
Gujarat Fluorochemicals, Steel Authority of India, GMR Airports Infrastructure, Persistent Systems, MphasiS, Union Bank of India, Solar Industries India, and Vodafone Idea led the BSE Mid-cap Index to a record high of 36,421.02 this week. PI Industries, Vedant Fashions, Delhivery, Torrent Power, Max Financial Services, JSW Energy, PB Fintech, and Crompton Greaves Consumer Electrical, on the other hand, were losers.
Info Edge India, HCL Technologies, DLF, LTIMindtree, Bandhan Bank, Hindalco Industries, NTPC, and UltraTech Cement boosted the BSE Large-cap Index by nearly 11%. Adani Total Gas, Adani Energy Solutions, One 97 Communications (Paytm), Bharat Petroleum Corporation, and ICICI Prudential Life Insurance Company were among the companies that suffered losses.
The BSE Small-cap index saw a 9.7 percent rise, led by gains in companies like GTL Infrastructure, Coffee Day Enterprises, PTC India Financial Services, Mangalam Cement, Wockhardt, Inox Green Energy Services, Housing & Urban Development Corporation, Onward Technologies, Vikas WSP, Sandur Manganese and Iron Ores, and Kiri Industries, which surged between 20-35 percent. Conversely, 63 Moons Technologies, Axita Cotton, Jain Irrigation Systems, BCL Industries, LLOYDS ENTERPRISES, PRAVEG, and EKI Energy Services experienced losses ranging from 8-22 percent.
Tata Consultancy Services added the most value in terms of market value, followed by Infosys, HCL Technologies, and State Bank of India. Maruti Suzuki India, Nestle India, and Bharti Airtel, on the other hand, lost the majority of their market capitalization.
All sectoral indices finished in the green, with the Nifty Information Technology index up 7%, the Nifty PSU Bank and Metal indices up 5% each, and the Nifty Realty index up nearly 4%.
This week, foreign institutional investors (FIIs) continued to buy equities worth Rs 18,858.34 crore, while domestic institutional investors (DIIs) sold equities worth Rs 2,592.35 crore. So far in December, FIIs have purchased equities worth Rs 29,733.06 crore, while DIIs have purchased equities worth Rs 3,182.20 crore.
The Indian rupee has recovered this week, with the INR gaining 39 paise versus the USD to end the week ended December 15 at 83.00, up from 83.39 on December 8.
