New Delhi. Despite the continuous ups and downs, the last trading week was a positive one for the stock market. During this, the Sensex closed at a level of 62,625.63 points on a weekly basis with an overall gain of 78.52 points. Similarly, the Nifty closed at a level of 18,563.40 points with a gain of 29.30 points.
It is believed that due to the announcement of monetary policy by the Reserve Bank, comparatively less participation of foreign institutional investors and positive signals about the meeting of the US Federal Reserve to be held next week. Domestic equity markets managed to gain marginally despite global pressure.
During the last trading week, the BSE largecap index closed flat. JSW Steel, One97 Communication (Paytm), Larsen & Toubro, Zomato and ICICI Prudential Life Insurance Company were the top gainers on the Largecap index during the trading week. On the other hand, Star Health & Allied Insurance Company, SRF, Kotak Mahindra Bank, Bandhan Bank, Eicher Motors, Tech Mahindra and LT-Mindtree were among the top losers.
On the other hand, the Midcap and Smallcap indices closed with gains due to buying in small and medium sized stocks. The midcap index managed to close with a gain of 1 per cent. Among the stocks included in this index, Hindustan Aeronautics, Max Health Care Institute, Torrent Power, Scypher India, Adani Power, Ajanta Pharmaceuticals and Bharat Electronics maintained gains on a weekly basis.
Similarly, the Smallcap index closed with the highest gain of 1.6% during the last trading week due to buying in smaller stocks. Among the stocks included in the index, Suzlon Energy, Mazagon Dock Shipbuilders, Greenlam Industries, Hueback Colorants India, HBL Power Systems, EKI Energy Services, Indian Hume Pipe Company and Car Trade Tech closed with gains. On the other hand, Bhansali Engineering Polymers, Syntex Plastics Technology, Indian Energy Exchange, Bank of Maharashtra and Neureka closed 10-18 per cent lower on a weekly basis.
From the point of view of market cap, during the last trading week, the maximum increase in market cap was recorded in Reliance Industries. After this, Larsen & Toubro, Axis Bank and Tata Motors were at number two, three and four in terms of increase in market cap. On the other hand, Tata Consultancy Services (TCS), Hindustan Unilever and Infosys declined the most in their market cap.
Domestic institutional investors mainly played the role of buyers during the trading week. On the other hand, domestic institutional investors were seen selling. During these 5 days, Foreign Institutional Investors bought Rs 970.73 crore from the Indian market. While domestic institutional investors sold Rs 1,939.76 crore this week.
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