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New Delhi, 05 October (Hindustan Reporter). Due to the tension in the Middle East and strong selling by foreign investors, the last trading week became a strong falling week for the Indian stock market. For the first time since June 2022, the stock market became the victim of the biggest weekly decline. Due to this tremendous weakness in the market, investors lost approximately Rs 17 lakh crore in just 4 days.
During the trading week ending on Friday, October 4, the Bombay Stock Exchange Sensex closed at 81,688.45 points with a decline of 3,883.40 points or 4.53 percent. Similarly, Nifty of National Stock Exchange ended last week's trading at the level of 25,014.60 points with a weakness of 1164.35 points or 4.44 percent. Due to this sharp fall in the market, the wealth of stock market investors decreased by about Rs 17 lakh crore. The market capitalization of companies listed on BSE came down to the level of Rs 461.06 lakh crore (provisional) after Friday's trading, whereas their market capitalization on Friday, September 27, the last trading day of the previous week, was Rs 477.93 lakh crore. In this way, investors suffered a loss of about Rs 16.87 crore in the weekly trading from Monday to Friday.
BSE's large cap index closed with a weakness of 4.3 percent in this trading week. During this period, shares of Adani Green Energy, Reliance Industries, Dabur India, DLF, Hero MotoCorp, Bandhan Bank, Axis Bank, Bajaj Auto, Asian Paints, Bharat Petroleum Corporation Limited, Avenue Supermarts and Bajaj Finance recorded a decline of about 7 percent. . Similarly, BSE Midcap Index fell victim to a weekly decline of 3.2 percent during the week ending October 4. During this period, shares of Godrej Industries, Godrej Properties, Jubilant Foodworks, TVS Motor Company, Vodafone Idea and Mahindra & Mahindra Financial Services included in the midcap index were included in the list of top losers. On the other hand, shares of PB Fintech, Whirlpool of India, Bayer Crop Science, Petronet LNG and APL Apollo Tubes joined the list of top gainers on the midcap index.
The smallcap index suffered comparatively lesser losses during the week ending Friday. Despite the storm of decline, the smallcap index recorded a decline of only 2.01 percent. Shares of Optimus Infracom, Edelweiss Financial Services, Kamdhenu Ventures, Sterling & Wilson Renewable Energy, RITES, Nava (NAVA), Link, Intellect Design Arena, Phoenix Mills and Subrose, included in this index, have gained maximum 10 to 40 percent on a weekly basis. A decline of ₹ was recorded. On the other hand, shares of ITD Cementation India, Hercules Hoists, Anoop Engineering, IIFL Securities, Vijay Diagnostic Centre, RPG Life Sciences, Glenmark Life Sciences, BASF India, V Mart Retail, Shakti Pumps (India), Rattan India Power and Jaiprakash Power Ventures. The maximum increase recorded on weekly basis was 10 to 20 percent.
Talking about sectoral indices, on weekly basis in the trading week from Monday to Friday, all the sectoral indices closed in the red. BSE realty index fell by 8 percent. Similarly, Automobile Index closed with a weekly decline of 6 percent, Telecom Index 5 percent and Energy Index 4.93 percent. Talking about the market value of companies, the maximum decline was recorded in the market cap of Reliance Industries. After that HDFC Bank, Bharti Airtel, ICICI Bank stood second, third and fourth in terms of decline. On the other hand, there was an increase in the market cap of JSW Steel, Infosys and Tech Mahindra.
In the stock market trading from Monday to Friday, foreign institutional investors (FIIs) sold stocks worth Rs 40,511.50 crore, and domestic institutional investors (DIIs) bought stocks worth Rs 33,074.39 crore during this period.