Market This week: Indian equity indices ended unchanged for the volatile week ending December 5. A sharp jump was seen in Sensex-Nifty in Friday’s session. This was due to the sudden interest rate cut by the Reserve Bank of India (RBI), lowering of FY26 GDP estimate to 7.3% and reduction in inflation. In the week ending December 05, the BSE Sensex index closed without any change at 85,712.37, reaching an all-time high of 86,159.02. While the Nifty 50 index also closed with little change at 26,186.45 after touching a new record high of 26325.8 during the week.
Last week, BSE Largecap index closed flat. Waaree Energies, Bajaj Housing Finance, Interglobe Aviation, Max Healthcare Institute, JSW Energy, Hindustan Unilever saw a decline of 5-9 percent. Whereas Vodafone Idea, Info Edge India, Wipro, Swiggy, TVS Motor Company, Indus Towers, Infosys, Tech Mahindra, HCL Technologies, Asian Paints, LTIMindtree, Tata Consultancy Services saw a growth of 3-8 percent.
BSE midcap index fell 1.2 percent. Kaynes Technology India, Ola Electric Mobility, Hitachi Energy India, Whirlpool of India, Motilal Oswal Financial Services, Premier Energies, Nippon Life India Asset Management, Indian Bank were midcap losers.
On the other hand, National Aluminum Company, MphasiS, PB Fintech, KPIT Technologies, Coforge, NMDC, Balkrishna Industries, Ajanta Pharma were the top gainers.
BSE’s smallcap index closed with a decline of about 2 percent. Kothari Industrial Corporation, Spectrum Electrical Industries, Thyrocare Technologies, Tuticorin Alkali Chemicals and Fertilizers, Transworld Shipping Lines, TVS Electronics, Transformers and Rectifiers India, LE Travenues Technology (IXIGO), SEPC, Kingfa Science & Technology, PRAVEG, Shakti Pumps (India) witnessed decline.
On the other hand, Nectar Lifesciences, SMC Global Securities, Integrated Industries, InfoBeans Technologies, Birlasoft, Hindustan Copper, Sun Pharma Advanced Research Company, ZF Commercial Vehicle Control Systems India saw a gain of 12-23 percent.
If we look at the sectoral front, last week Nifty Consumer Durable, Nifty Defence, Nifty Media, Nifty Capital Market index fell by 2 percent. Nifty PSU Bank, Healthcare, Realty, Oil and Gas indices fell 1-1.5 per cent. On the other hand, Nifty IT index saw a rise of 3.5 percent, Metal and Auto index saw a rise of 0.5 percent.
Last week, the biggest decline was seen in the market cap of Reliance Industries. After that came Hindustan Unilever, Titan Company, State Bank of India. On the other hand, there was an increase in the market cap of Tata Consultancy Services, Infosys, HCL Technologies. (Disclaimer: Network 18 Media and Investment Limited is owned by Independent Media Trust. Its beneficiary company is Reliance Industries.)
Foreign Institutional Investors (FIIs) continued their selling and sold equities worth Rs 10403.62 crore, while Domestic Institutional Investors (DIIs) continued their buying and bought equities worth Rs 19785.5 crore.
The Indian rupee continued to decline against the US dollar and crossed 90 for the first time, hitting a new record low of 90.42 on 4 December. However, the domestic unit made some recovery but closed at 89.99 per dollar, down 55 paise against last week’s closing price of 89.45. During the week, the Indian rupee traded in the range of 89.42-90.42.