Despite setting new records during the first session of 2024, the Indian benchmark indexes ended the first week of the year with slight losses due to volatility.
The BSE Sensex lost 214.11 points, or 0.29 percent, to end the week at 72,026.15, while the Nifty50 lost 20.6 points to conclude at 21,710.80. The Sensex and Nifty reached new all-time highs of 72,561.91 and 21,834.35, respectively, on January 1.
At 43,957.62, the BSE Small-cap index saw a 2.6 percent increase and a new high. Reliance Power, Sobha, Indo Amines, Alok Industries, Sun Pharma Advanced Research Company, Inox Green Energy Services, Waaree Renewable Technologies, HPL Electric & Power, GTL Infrastructure, Oswal Greentech, and Himadri Speciality Chemical contributed 25–52%. Conversely, the following saw declines of 6–11 percent: NLC India, KPR Mill, Thangamayil Jewellery, Vadilal Industries, Craftsman Automation, 360 ONE WAM, MSTC, Escorts Kubota, and Sandur Manganese and Iron Ores.
With 2.3 percent gain, the BSE Mid-cap Index reached a new all-time high of 37,892.11, helped by gains in Torrent Power, Biocon, Godrej Properties, GlaxoSmithKline Pharmaceuticals, and Godrej Industries. On the other hand, 3M India, Vedant Fashions, CRISIL, Steel Authority of India, and Nuvoco Vistas Corporation were the losers.
The BSE Large-cap Index finished the week flat after reaching new record highs. Eicher Motors, JSW Steel, Shree Cements, LTIMindtree, Avenue Supermarts, and Mahindra & Mahindra were the losers, while Adani Ports and Special Economic Zone, Indus Towers, Adani Energy Solutions, Adani Total Gas, Godrej Consumer Products, and Zomato were the winners.
Regarding the sectors, the BSE Realty index saw an increase of 8%, while the Telecom, Healthcare, Power, and Oil & Gas sectors added 3% apiece and the Automotive, Information Technology, and Metal sectors lost 1-2 percent.
This week, domestic institutional investors (DIIs) sold stocks worth Rs 7,296.50 crore, while foreign institutional investors (FIIs) continued to be net buyers, purchasing stocks worth Rs 3,290.23 crore.
The Indian rupee saw slight gains versus the US dollar for the week ending January 5, finishing at 83.16 as opposed to 83.20 on December 29.