Compared to its closing on September 22 of 82.93, the Indian rupee ended the day on September 29 11 paise lower at 83.04.
The very volatile week that concluded on September 29 was driven by F&O expiry, while global indications like the strengthening dollar, rising US bond rates, and skyrocketing crude oil prices had minimal effect on the major Indian indices. The market remained under stress due to continued selling by FIIs and the US central banks’ refusal to decrease interest rates in the foreseeable future
BSE Sensex decreased by 0.27 percent, or 180.74 points, to close at 65,828.41 this week, and Nifty50 decreased by 0.18 percent, or 35.95 points, to conclude the week at 19,638.30.
Oil India, Dalmia Bharat, L&T Finance Holdings, Lupin, Indian Overseas Bank, Glenmark Pharma, REC, and Schaeffler India helped the BSE Mid-cap Index increase by 1.2 percent. Losers, meanwhile, included AU Small Finance Bank, Delhivery, MphasiS, and Tube Investments of India.
Ending level, the BSE Large-cap Index. Berger Paints India and Hindustan Aeronautics India experienced declines of 50% and 15%, respectively, while FSN E-Commerce Ventures (Nykaa), Bajaj Finance, Indus Towers, and Coal India saw gains.
Tata Consultancy Services suffered the most market value loss, followed by Infosys, Asian Paints, and Titan Company. The companies that increased their market caps the most were Bharti Airtel, Larsen & Toubro, and Bajaj Finance.
The BSE Telecom index increased by 2.7 percent, the BSE Healthcare index increased by 2.6 percent, the BSE Real Estate index increased by 2.5 percent, and the BSE Metal and Capital Goods indices both increased by 2 percent. BSE Auto index down 0.5 percent, while BSE Information Technology index fell 3 percent.
For the ninth week running, foreign institutional investors (FIIs) kept up the selling by offloading shares worth Rs 8,430.77 crore. During this week, domestic institutional investors (DIIs) purchased shares of stock worth Rs. 8,143.28 crore.
Compared to its closing price of 82.93 on September 22, the Indian rupee finished 11 paise lower on September 29 at 83.04.