The bulls recovered well in the week ending November 22. Indian benchmarks halted a two-week losing skid and closed the week with a gain of about 2 percent, despite ongoing FII selling and worries about new geopolitical tensions.
The BSE Sensex increased 1,536.8 points, or 1.98 percent, to settle at 1,536.8 this week, while the Nifty50 index closed at 23,907.30, up 374.6 points, or 1.7 percent.
The BSE Mid-cap Index increased by 1.6%, the BSE Large-cap Index increased by 1.7%, and the BSE Small-cap Index increased by 0.4%. The BSE Auto, Metal, and Capital Goods indices all saw increases of 2%, while the BSE Realty index increased by over 6%. But the BSE Oil & Gas index dropped by about 2%.
In the week ending November 22, domestic institutional investors (DII) purchased stocks worth Rs 11,036.76 crore, while foreign institutional investors (FIIs) continued to sell, offloading stocks worth Rs 11,414.18 crore. In November, FIIs have sold stocks valued at Rs 40,947.35 crore, while DIIs have purchased stocks valued at Rs 37,559.08 crore.
The Indian rupee fell 5 paise to close at 84.45 per dollar on November 22 from its closing of 84.40 on November 14, despite setting a new record low of 84.50 this week.
