Markets News

Market shuts slightly higher on varied data – Mid & Small Caps Collapse

On the basis of combined international and domestic data, the market closed on a positive note for the last week.

The market showed centralization within the first four days resulting into gain for the investors in the week ended on January 15.

Coming to the Sensex and Nifty, while Nifty50 added 86.45 points to end at 14,433.70, the BSE Sensex gained 252.16 points to close at 49,034.67.

With Bharti Airtel adding 11-31%, the BSE LargeCap Index was at 0.4% with Tata Motors, DVR, Bank of Baroda, DLF, while the losers included Bandhan Bank, Hindustan Zinc, Asian Paints and Bajaj Finserv.

With a declination by 1.2% in the BSE Midcap Index, Vodafone Idea, JSW Energy, IDFC First Bank, MRF and Nippon Life India Asset Management gained. The losers included Steel Authority of India, Info Edge India, Shriram Transport, Endurance Technologies and Adani Green Energy.

Meanwhile, the BSE Smallcap index dropped by 1%, that resulted Suzlon Energy, BLS International Services, Universal Cables, Firstsource Solutions, Tribhovandas Bhimji Zaveri, Greenply Industries and GTPL Hathway to slip by 10%.

However, few companies jumped off even more by 20% each, which were MSTC, Tata Steel Long Products, Tata Metaliks, Centrum Capital, Majesco, Indian Metals & Ferro Alloys, V2 Retail and Greenpanel Industries.

Followed by Bharti Airtel, ITC and HDFC Bank, Tata Consultancy Services added the most in terms of market value, on the BSE Index, whereas, Asian Paints and Kotak Mahindra Bank lost the most.

Also, equities worth Rs 7,637.11 crore were bought by the foreign institutional investors (FIIs), while domestic institutional investors (DIIs) sold equities worth of Rs 7,444.94 crore in the last week.

Closing at higher price by 18 paise at 73.06 per dollar on January 15, and against the closing of 73.24 per dollar on January 8, the Indian rupee gained against the US dollar in the last week.

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