Market this week: On a week -long basis, the market lost the lead 2 weeks in the week ended on July 04. There was pressure in the market due to a big weekly decline in the financial sector. At the same time, investors remain alert in the market before tariff deadline. The Sensex closed 626.01 points, or 0.74 per cent, at 83,432.89 in the week ended July 04. At the same time, 176.8 points, or 0.68 percent, closed at 25,461 levels.
BSE’s smallcap index grew by 1 percent. Gabriel India, Sindhu Trade Links, PC Jeweller, SML ISUZU, NACL Industries, Heranba Industries, Prime Focus, SignPost India saw 20-42 percent rise. On the other hand, Sadhana Nitrochem, Sigachi Industries, Dreamfolks Services, Nuvama Wealth Management, Sammaan Capital, Jindal Worldwide, Narayana Hrudayalaya saw 11-22 percent decline.
Last week, BSE’s midcap index saw a growth of 0.6 percent. Laurus Labs, Relaxo Footwears, IDFC First Bank, Kalyan Jewelers India, Biocon, Glenmark Pharma, IPCA Laboratories, Ajanta Pharma, Ajanta Pharma, Endurance Technologies, GMRPORTS Aurobindo Pharma, Balkrishna Industries should be a gainer of midcap. On the other hand, Coromandel International, Brainbees Solutions, Godrej Industries, Go Digit General Insurance, FSN E-Commerce Ventures (NYKAA) should be loser of midcap.
BSE’s Lajcap Index saw a decline of 0.6 per cent. Trent, SBI Cards & Payment Services, Cholamandalam Investment and Finance Company, Hyundai Motor India, Swiggy, United Spirits saw a decline. While Bosch, Mankind Pharma, Punjab National Bank, Indian Overseas Bank, Bharat Petroleum Corporation, Divis Laboratories, Siemens saw an edge.
Last week, Trent’s market cap saw the biggest decline. After that HDFC Bank, Kotak Mahindra Bank, Axis Bank was number. On the other hand, the marketcap of Reliance Industries, Infosys, Bharat Electronics saw the most edge.
Looking at the sectoral front, the realty index lost 2 percent last week. The Nifty Bank Index and the FMCG index closed down 0.7 per cent. At the same time, Pharma Index, PSU bank index closed with 2 per cent, and IT, media index with a gain of about 1 per cent.
In the week ended July 04, the FII broke the process of purchasing for 2 weeks and sold Rs 6,604.56 crore. While DII continued its purchases for the 11th consecutive week and he purchased Rs 7,609.42 crore.
Indian rupee also continued to increase for the second week. The domestic currency closed at 85.39 per dollar on 4 July with a slight gain of 85.49 per dollar on 27 June.