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New Delhi, 17 February (HS). The domestic stock market managed to close on a strong note amid the ups and downs during the last trading week. During this period, Sensex gained 1.16 percent to reach 72,426.64 points, while Nifty also closed at the level of 22,040.70 points with a gain of 1.18 percent on weekly basis. On the sectoral front, BSE's Automobile index closed with a gain of 5 per cent, Oil and Gas index with a gain of 3.20 per cent and Energy index with a gain of 3.10 per cent. On the other hand, FMCG, Telecom and Metal indices recorded a decline of up to 0.50 percent.
During the trading period from 12th to 16th February, BSE Largecap index was seen trading with gains. During this period, the largecap index strengthened by 1.2 percent on a weekly basis due to the rise in Wipro, Mahindra & Mahindra, Bosch and Zydus Life Sciences. On the other hand, heavyweight stocks like Hindalco Industries and One97 Communications (Paytm) fell 13 to 18 percent.
BSE Midcap index managed to achieve a weekly gain of up to 1 percent during the trading week ending February 16. During this period, there was continuous buying in shares of Hindustan Petroleum Corporation, Federal Bank, MRF, Oil India Limited, Mphasis and Poly Cab India. On the other hand, shares of Bharat Forge, Zee Entertainment Enterprises, SJVN and Aditya Birla Fashion and Retail fell by 8 to 14 percent.
During the last trading week, there was a rise in the largecap and midcap indices but the smallcap index of BSE closed at flat level. During this period, shares of Mangalore Refinery and Petrochemicals, Jubilant Industries, Time Technoplast, Natco Pharmaceuticals, 63 Moon Technology and HPL Electric and Power registered a rise of 21 to 55 percent. On the other hand, shares of Orient Green Power Company, Visaka Industries, ISGEC Heavy Engineering, Salasar Techno Engineering, Permanent Magnets, Andhra Petro, Dhanseri Ventures and Kamdhenu Ventures fell by 15 to 23 percent.
In terms of market cap, Wipro remained at the top position during the week ending February 16. Apart from this, in terms of market cap, State Bank of India, Mahindra & Mahindra and Maruti Suzuki India stood second, third and fourth respectively. On the other hand, the maximum decline was recorded in the market cap of ITC, Sun Pharmaceuticals and Hindustan Unilever.
Foreign institutional investors remained completely sold during this week. In 5 days of trading, he sold shares worth a total of Rs 6,237.55 crore. Including this week's selling, so far in the month of February, foreign institutional investors have sold shares worth Rs 13,917.89 crore. On the other hand, domestic institutional investors were seen making purchases this week also. Domestic institutional investors saved the market from a major fall by buying shares worth Rs 8,731.60 crore between Monday and Friday. So far this month, domestic institutional investors have made purchases worth a total of Rs 17,393.01 crore.
