In this week, the Indian rupee ended level at 82.04 on June 30 compared to its closing price of 82.03 on June 23.
The market recovered from the previous week’s losses and increased by almost 3% in the week that ended on June 30 as benchmark indices achieved significant milestones with the help of strong returns from foreign institutional investors. Investor sentiment was also boosted by the improvement of the southwest monsoon and the narrowing of the current account deficit.
BSE Sensex increased 2.76 percent this week, or 1,739.19 points, to close at 64,718.56; Nifty50 increased 2.80 percent, or 523.5 points, to close at 19,189. The Sensex reached new record highs of 64,768.58 and 19,201.70 for the Nifty.
JBM Auto, Karnataka Bank, Pearl Global Industries, Jay Bharat Maruti, JK Tyre and Industries, Parag Milk Foods, Sarla Performance Fibres, Tips Industries, 63 Moons Technologies, Sree Rayalaseema Hi Strength, and Asian Energy Services all saw gains of 20–32 percent, helping the BSE Small-cap index gain close to 2 percent.
Nippon Life India Asset Management, Aditya Birla Capital, Biocon, Mahindra & Mahindra Financial Services, Max Financial Services, Gland Pharma, L&T Finance Holdings, and Motilal Oswal Financial Services all saw gains of 8–15% in the BSE Mid-cap Index, which increased by about 3%.
The HDFC Asset Management Company, Adani Enterprises, Star Health & Allied Insurance Company, Tata Motors, Interglobe Aviation, Sun Pharmaceutical Industries, Mahindra and Mahindra, and Infosys all contributed to the BSE Large-cap Index’s increase of 2.7 percent.
In terms of market capitalization on the BSE Sensex, HDFC Bank, Tata Consultancy Services, Infosys, and Reliance Industries saw the largest increases, while Tech Mahindra, NTPC, and Tata Steel saw the most decreases.
The Nifty Pharma index increased by 4.4 percent, the Nifty Auto index increased by 4 percent, the Nifty Information Technology index increased by 3.5 percent, and the Nifty PSU Bank index increased by roughly 3 percent. All sectoral indexes ended in the green.
Domestic institutional investors (DIIs) sold shares worth Rs 1,564.60 crore this week, while foreign institutional investors (FIIs) purchased shares worth Rs 20,361.75 crore. However, in June, FIIs and DIIs respectively spent Rs 27,250.01 crore and Rs 4,458.23 crore on stock purchases.
In this week, the Indian rupee ended level at 82.04 on June 30 compared to its closing price of 82.03 on June 23.