Throughout the week, the Nifty information technology index increased by 5%, the real estate index increased by 4.7%, the auto index increased by about 4%, and the Nifty metal index increased by 3%.
The Indian equity indices overcame turbulence to begin the week and Samvat 2080 on a strong note. Expectations of a prolonged pause by the central banks, declining crude oil prices, and the lowering of US rates contributed to the benchmark indexes’ 1% weekly gain.
The Nifty50 gained 306.45 points, or 1.57 percent, to close at 19,731.80 in the week that concluded on November 17, while the Sensex increased 1.37 percent, or 890.05 points, to end at 65,794.73.
With the help of Solar Industries India, New India Assurance Company, Power Finance Corporation, Bharat Heavy Electricals, PB Fintech, Torrent Power, TVS Motor Company, and Oberoi Realty, the BSE midcap index increased by 2.5 percent.
With the help of FSN E-Commerce Ventures (Nykaa), Eicher Motors, Hero MotoCorp, ICICI Lombard General Insurance Company, Tech Mahindra, Info Edge India, Tech Mahindra, ICICI Prudential Life Insurance Company, and Bosch, the BSE largecap index increased by 1.6%.
The largest provider of IT services in India, Tata Consultancy Services, added the highest value in terms of market value, followed by competitor Infosys, Reliance Industries, and HCL Technologies. ICICI Bank, Bajaj Finance, and State Bank of India, on the other hand, were some of the companies that had the most market cap depreciation.
The Nifty information technology index gained 5%, the Nifty real estate index 4.7 percent, the Nifty automotive index 4%, and the Nifty metal index 3% among sectors.
Domestic institutional investors (DIIs) kept purchasing, purchasing stocks for a total of Rs 1,675.7 crore throughout the course of the week. The amount of shares sold by foreign institutional investors (FIIs) was Rs 404.82 crore, a significant decrease from the Rs 3,105.27 crore they sold the week before.
The Indian rupee closed the week at 83.27 versus the US dollar, slightly higher than its finish of 83.34 on November 10.