Market gains for third consecutive week; rupee gains against dollar

The Indian market continued its record rally, rising for the third straight month on improved domestic and global data. Continued buying from the FII, a well-developed monsoon and good quarterly earnings also supported the gains in the week to 14-Jul. In this week’s trading, 30-pack Sensex rose 1.19% (780.45 points) to close at 66,060.90, while broad-based Nifty rose 1.20% (232.7 points) to close at 19,564.50. Both benchmarks hit new all-time highs this week. Sensex scored 66,159.79 and Nifty scored 19,595.35. The BSE Small Cap Index rose 1.7% for the week. 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, Allied Digital Services 20 to 37 rose. percent. However, Delta Corp, Swan Energy, V2 Retail, Ratan India Power, Heubach Colorants India, Mangalam Industrial Finance, Mangalore Chemicals and Fertilizers, Gulshan Polyols, Wardwizard Innovation.・And Mobility and AMI Organic both underperformed. The BSE mid-cap index rose 1.3%, aided by Gillette India, Polycab India, Mufasis, Grand Pharma, Piramal Enterprises, Sun TV Network and Supreme Industries. Hindustan Petroleum Corporation, Deepak Nightlight, Jubilant Foodworks, Federal Bank, SJVN, and Dalmia Bharat were among the biggest losers in the index. The BSE Large Cap Index includes Zomato, Info Edge India, Infosys, Tech Mahindra, Hindalco Industries, HDFC Asset Management Company, Tata Consultancy Services, Star Health and Allied Insurance Company, It rose 1%, led by a rise in Eicher Motors. Stocks with big losses this week included India Power Grid Corporation, Bank of Baroda, Bosch, Bandung Bank and UPL. Among Sensex stocks, market capitalization powerhouse Reliance Industries rose the most, followed by Tata Consultancy Services, Infosys and ICICI Bank, while HDFC Bank, India’s Power Grid Corporation, Bajaj Finance saw the biggest drop in market capitalization. The information technology BSE index rose 5%, while the metal index rose 3.2% and the property index rose 1.7%. The performance index closed 2% lower. The market was also boosted by domestic institutional investors (DII) selling shares worth Rs. So far this month, FII has bought shares worth Rs 14,582.63 crore and sold DII shares worth Rs 8,129.5 crore. The Indian rupee rose 57 pays this week from 82.74 on July 7 to close at 82.17 on July 14 on the back of FII inflows and fading Fed rate hike fears.