In the week ending March 28, Indian equity indices made substantial gains, approaching record levels despite mixed global markets. Factors contributing to this included foreign institutional investors (FIIs) turning net buyers, as well as a decrease in the current account deficit.
During this period, the BSE Sensex rose by 819.41 points or 1 percent to close at 73,651.35, while the Nifty50 index added 260 points or 1 percent to reach 22,326.90.
The BSE Mid-cap Index increased by 1.3 percent, buoyed by companies such as Max Healthcare Institute, Supreme Industries, and Aurobindo Pharma, while some notable losers included Rajesh Exports and Solar Industries India.
Similarly, the BSE Large-cap Index saw a 1.3 percent rise, led by companies like Interglobe Aviation and Bajaj Finance, although there were some decliners like Adani Wilmar and SBI Cards & Payment Services.
The BSE Small-cap index also saw a nearly 1 percent increase, with several stocks showing double-digit returns. However, some stocks like EKI Energy Services and Primo Chemicals faced declines.
Sector-wise, Nifty Realty index saw a 5 percent gain, while Nifty Media index witnessed a 3 percent decrease.
In terms of market value, Reliance Industries, Bajaj Finance, Larsen & Toubro, and NTPC saw increases, while Tata Consultancy Services, Infosys, and HCL Technologies experienced declines.
Foreign institutional investors (FIIs) turned net buyers, purchasing equities worth Rs 2368.76 crore, while domestic institutional investors (DIIs) continued their support by buying equities worth Rs 8,913.49 crore.
Lastly, the Indian rupee remained flat at 83.40 against the US dollar compared to its March 22 closing of 83.42.
