Weekly Report: Sensex and Nifty gained nearly 3%

Indian equity market regained the lost momentum and gains nearly 3 percent during the week ended July 8, tracking positive global cues, a good monsoon, reduced FIIs selling, and falling commodities prices. For the week gone by, BSE Sensex advanced 1,573.91 points (2.97%) closed at 54,481.84, while the Nifty 50 added 468.55 points (2.97%) settled at 16,220.6 levels.

All the sectoral indices ended in the green. FMCG settled 5.4% up, while Realty sector added 5%. Among broader indices Small-cap, Mid-cap, and Large-cap indices added 3% each. During the last week, 69 smallcap stocks advanced between 10-37 percent.

In small-cap Himadri Speciality Chemical, PC Jeweller, Brightcom Group, Steel Exchange India, Sobha, Tarsons Products, Ceat, Ajmera Realty and Infra India, Titagarh Wagons, DB Realty, Butterfly Gandhimathi Appliances, AMI Organics, Alembic, 63 Moons Technologies and TCPL Packaging gaining over 15% each. On the other hand, Yaari Digital Integrated Services, Mangalore Refinery and Petrochemicals, Gravita India, Chennai Petroleum Corporation, Vijaya Diagnostic Centre fell over 10% each.

Among mid-caps, Canara Bank, ABB India, M&M Financial Services, Emami, Container Corporation of India, Cummins India, Honeywell Automation, United Breweries and Oberoi Realty were the top gainers. On the other hand, Oil India, Ajanta Pharma, Gland Pharma, Rajesh Exports and Nuvoco Vistas Corporation were among losers.

After over a month, the Foreign Institutional Investors (FIIs) turned buyers on Thursday but remained net sellers for the week as they offloaded equities worth Rs 2218.38 crore. However, Domestic Institutional Investors (DIIs) purchased equities worth of Rs 3910.33 crore during the last week.

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