New Delhi— In the week ending Friday, October 10, India’s stock markets closed on a strong note for the second consecutive week, riding on positive global cues, robust domestic institutional buying, and easing geopolitical tensions.
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The BSE Sensex gained 1,293.65 points (1.59 %), closing at 82,500.82.
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The NSE Nifty rose by 391.10 points (1.57 %), finishing at 25,285.35.
What Fueled the Rally?
Several factors fueled the uptrend in the markets:
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Strong global signals and optimism in international markets
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Continued buying by domestic institutional investors (DIIs) and renewed interest from foreign institutional investors (FIIs)
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Signs of easing geopolitical tensions
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Positive progress in trade talks with the U.S., which bolstered investor sentiment
Sector-Wise Performance & Top Movers
Large-Cap Index (BSE)
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The large-cap index ended the week with a 1.40 % gain.
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Among top gainers were Max Healthcare Institute, Divi’s Laboratories, Polycab India, Eternal, LTIMindtree, HCL Technologies, Swiggy, TCS, Infosys, and Tech Mahindra.
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Underperformers included Tata Motors, Vaar Energies, Jindal Steel, Siemens Energy India, Hyundai Motor India.
Mid-Cap Index (BSE)
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The mid-cap index outperformed slightly with a 1.50 % weekly gain.
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Leading gainers in this segment included Aditya Birla Capital, Sun TV Network, National Aluminum Company, L&T Finance, AG&P Wopak Terminals, Bank of India, Fortis Healthcare.
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Lagging stocks included Dixon Technologies, Whirlpool India, KPIT Technologies, Hitachi Energy India.
Small-Cap Index (BSE)
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In contrast, the small-cap index remained flat over the week.
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Positive performers included Jindal Photo, Indraprastha Medical Corporation, Sky Gold & Diamonds, Indo Thai Securities, Infibeam Avenues, SpiceJet, South Indian Bank, GM Breweries, Stylem Industries, Salzer Electronics, Dreamfolks Services, Indef Manufacturing, Avalon Technologies (gains of 15 % to 41 %).
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Among losers: Hemisphere Properties India, Lumax Auto Technologies, Shankar Building Products, Poshak, John Cockerill India, VTM, Praveg dropped by 10 % to 22 %.
All Sectors in Green Except Media
Except for the media sector, all major sectoral indices closed the week in green:
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Nifty Capital Markets & IT indices led with ~5 % gains
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PSU Bank & Metal indices up ~4 %
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Healthcare up ~3 %
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Private Bank ~2.5 %, Realty & Defense ~2.3 %, Consumer Durables ~2 %
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Media index was the only laggard, ending the week with a ~3 % decline
FIIs & DIIs: Net Buyers
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After 12 consecutive weeks of selling, foreign institutional investors turned net buyers, investing ₹2,975.53 crore in the week.
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Domestic institutional investors maintained their buying streak for the 25th straight week, putting in ₹8,391.11 crore during Monday to Friday.
