Saturday, 6 August 2016

Market Weekly :Sensex, Nifty End Flat

Markets weekly: Sensex, Nifty end flat; HCL Tech surges 9%, ICICI Bank falls 6%  
Benchmark indices BSE Sensex and NSE Nifty ended the week flat amid muted global cues. Market participants overlooked the approval of GST Constitutional Amendment Bill in the Rajya Sabha on Wednesday. The widely-tracked Nikkei purchasing managers’ index (PMI) which inched up to 51.8 points in July against 51.7 in the previous month also failed to support market sentiments. For the week ended August 8, the 30-share index Sensex closed 26.49 points up at 28078.35 against 28051.86 on July 29. NSE Nifty index jumped 44.65 points, or 52 per cent to 8683.15 from 8638.50 during the week. The Friday’s rally helped markets to pare all their losses and post gains for the week. Sensex gained 363.98 points on Friday.
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HCL Technologies, Hindalco Industries, Hero MotoCorp, Grasim Industries and Tata Steel gained 8.98 per cent, 7.82 per cent, 7.68 per cent, 7.47 per cent and 7.25 per cent, respectively, and stood among top gainers in the Nifty 50 pack for the week ended August 5. However, ICICI Bank, BHEL, Lupin, Larsen & Toubro and Aurobindo Pharma skid 6.43 per cent, 5.83 per cent, 3.99 per cent and 2.84 per cent in the past five trading sessions.

According to a corporate database Ace Equity, foreign institutional investors (FIIs) stood net buyers in equity segment for the week ended August 5 with gross purchases of Rs 21,370.86 crore and gross sales of Rs 19,630.27 crore, leading to a net inflow of Rs 1,740.59 crore. They stood as net sellers in the debt segment with gross purchases of Rs 4,340.62 crore against gross sales of Rs 6,410.31 crore, resulting in a net outflow of Rs 2,069.69 crore. During the week, Indian rupee appreciated by 22 paise to 66.81 on August 5 from 67.03 on July 29.

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  2. • Reliance Infratel approves Brookfield merger, RCOM to get Rs11,000 crore in cash
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