The BSE Metal index gained 3 percent, the BSE Capital Goods index increased 3.6 percent, and the BSE Oil & Gas and Power indices added 5.7 percent apiece to the sectoral indexes’ final gains.
The Indian equity indices continued their winning run for a fifth week in a row, with Nifty surpassing its previous record high, which was tested on September 15, thanks to sustained support from FIIs amid improved macro data, as well as encouraging global cues like declining bond yields and crude prices, as well as a reduction in uncertainty surrounding possible rate hikes by the US and the ECB.
This week, Nifty50 gained 473.2 points, or 2.39 percent, to conclude at 20,267.90, while the BSE Sensex increased 2.29 percent, or 1,511.15 points, to finish at 67,481.19.
With the help of Torrent Power, Power Finance Corporation, Bharat Heavy Electricals, REC, New India Assurance Company, Muthoot Finance, LIC Housing Finance, and L&T Finance Holdings, the BSE Mid-cap Index increased by 3%. Conversely, the following companies suffered losses: APL Apollo Tubes, UNO Minda, Tube Investments of India, Solar Industries India, and Whirlpool of India.
Adani Total Gas, Adani Energy Solutions, Adani Power, Hindustan Aeronautics, Adani Green Energy, Axis Bank, and GAIL India led the 2.6 percent increase in the BSE Large-cap Index.
Aster DM Healthcare, Sutlej Textiles and Industries, Marksans Pharma, Shalimar Paints, NBCC (India), Genesys International Corporation, Navkar Corporation, Datamatics Global Services, Tanfac Industries, Kesoram Industries, 63 Moons Technologies, and India Cements all saw increases of 15–32 percent, contributing to the BSE Small-cap index’s 2 percent gain. As opposed to this, the following companies saw losses of 7–10 percent: Aether Industries, TVS Srichakra, RattanIndia Power, Vikas WSP, Texmaco Rail and Engineering, DB Corp, CarTrade Tech, Jaiprakash Associates, Jaiprakash Power Ventures, SML Isuzu, Thomas Cook (India), PDS, Honda India Power Products, The Bombay Dyeing, Himatsingka Seide, and Dilip Buildcon.
The companies that added the most to the market value were Bharti Airtel, Larsen & Toubro, Tata Consultancy Services, and Axis Bank. Conversely, IndusInd Bank saw the most loss in market capitalization.
With the BSE Metal index up 3%, the BSE Capital Goods index up 3.6 percent, and the BSE Oil & Gas and Power indices up 5.7 percent apiece, all of the sectoral indexes finished the day in the green.
With the BSE Metal index up 3%, the BSE Capital Goods index up 3.6 percent, and the BSE Oil & Gas and Power indices up 5.7 percent apiece, all of the sectoral indexes finished the day in the green.
The Indian rupee regained its losses from the previous week, finishing at 83.29, 8 paise better than its closing value of 83.37 on November 24. The week ended December 1.