The broader indices showed mixed performance despite hitting fresh highs during the truncated week ended yesterday with benchmarks posting fresh all-time highs with extended buying from FIIs.
Indian markets ended lower amid profit booking yesterday after six straight days of gains, tracking weak global equities & weak progress of the monsoon. Both Sensex and Nifty closed 0.3 percent lower. Sensex ended the day down 269 points at 77,209, while Nifty lost 65.90 points, closing at 23,501.
The BSE Small-cap index rose 1.5 percent, while Mid-cap and Large-cap indices ended on flat note.
In terms of the market value, HDFC Bank added the most, followed by ICICI Bank, Infosys and Axis Bank. On the other hand, Reliance Industries, Larsen & Toubro and Maruti Suzuki India lost most of their market-cap.
Among sectors, the Nifty Bank index gained more than 3 percent, Nifty Information Technology index up nearly 2 percent, and Nifty Metal index up nearly 1 percent. However, the Nifty Auto index slipped 2.5 percent, Nifty FMCG index shed 2 percent, Nifty Oil & Gas and Pharma indices were down 2 percent each.
During the week, Foreign institutional investors (FIIs) bought equities worth 2,030.83 crore rupees, while Domestic Institutional Investors (DII) also bought equities worth 6293.38 crore rupees.
Crude oil prices settled lower yesterday, pressured by a stronger dollar, but still bagged a second-straight weekly win amid signs of improving demand in the United States. Brent crude was down by 0.55 percent, to 85 dollars and 24 cents per barrel. The U.S. West Texas Intermediate (WTI) crude lower 0.69 percent, to 80 dollars and 73 cents per barrel, when reports last came in.
The US stock market finished mixed yesterday as Nvidia’s slide continues. The S&P 500 and Nasdaq closed marginally lower on Friday, by a decline in the technology sector. The Dow Jones Industrial Average was marginally up by 0.4 percent. While the Nasdaq Composite slipped 0.18 percent and the S&P 500 fell 0.16 percent.
Disclaimer: This press release is sourced from News On AIR, Prasar Bharti and Press Information Bureau India (PIB).
