The Indian market continued its record rally with gains for the third consecutive week on the back of improving domestic and global data. Continued buying by FIIs, good progress of monsoon and quarterly results of companies supported the market. Due to this, on July 14, the Sensex closed at a level of 66,060.90 with a gain of 780.45 points, or 1.19 percent. At the same time, the Nifty closed at the level of 19,564.50 with a gain of 232.7 points or 1.20 percent. Last week, both Sensex 66,159.79 and Nifty 19,595.35 were seen touching new highs.
Last week, the BSE Smallcap index closed with a gain of 1.7 per cent. 20-37 per cent in Zen Technologies, Lloyds Steels Industries, Pix Transmissions, Patel Engineering Company, Moschip Technologies, Mazagon Dock Shipbuilders, Precision Camshafts, HPL Electric & Power, Lloyds Metals and Energy, Xchanging Solutions, NELCO, Tejas Networks and Allied Digital Service The growth was visible. Whereas Delta Corp, Swan Energy, V2 Retail, RattanIndia Power, Heubach Colorants India, Mangalam Industrial Finance, Mangalore Chemicals and Fertilizers, Gulshan Polyols, Wardwizard Innovations and Mobility and AMI Organics declined.
In the week ending July 14, the BSE Midcap index closed with a gain of 1.3 per cent. Gillette India, Polycab India, MphasiS, Gland Pharma, Piramal Enterprises, Sun TV Network and Supreme Industries were the biggest gainers in the midcap sector. On the other hand, Hindustan Petroleum Corporation, Deepak Nitrite, Jubilant Foodworks, Federal Bank, SJVN and Dalmia Bharat were the top losers.
Last week, the BSE Largecap index closed with a gain of 1 per cent. Zomato, Info Edge India, Infosys, Tech Mahindra, Hindalco Industries, HDFC Asset Management Company, Tata Consultancy Services, Star Health & Allied Insurance Company and Eicher Motors saw gains. Whereas Power Grid Corporation of India, Bank Of Baroda, Bosch, Bandhan Bank and UPL saw a decline.
A slight slowdown is possible in the market ahead, money will be made on these sectors and themes: Naveen Kulkarni
In terms of market cap, last week saw the maximum growth in the market cap of Reliance Industries. It was followed by Tata Consultancy Services, Infosys and ICICI Bank. On the other hand, there was a decline in the market cap of HDFC Bank, Power Grid Corporation of India and Bajaj Finance.
The BSE IT index gained 5 per cent in the week ended July 14. On the other hand, the metal index closed with a gain of 3.2 percent and realty index by 1.7 percent. At the same time, there was a decline of 2 percent in the power index.
FIIs were net buyers for the week ended July 14, buying Rs 5,417.78 crore in the Indian equity market. On the other hand, DII sold Rs 1,251.29 crore. FIIs have bought Rs 14,582.63 crore while DIIs have sold Rs 8,129.50 crore in the month of July so far.
Last week, the rupee gained 57 paise to close at 82.17 against the dollar. On July 7, the rupee closed at 82.74 against the dollar.