Thanks to the FIIs pumping up the volume, the cumulative FII investment into the equity market crossed $50 billion since their entry back in 1993. This year itself, the FIIs have pumped in close to $8.8 billion.
The previous week (November 27 - December 1) ended on a high note with the Sensex closing at 13,844.78 and the Nifty at 3,988 on Friday.
This week (December 4 - 8) started off well with the Sensex closing at 13,874.33 and the Nifty at 4,001 on Monday. All BSE indices - capital goods, auto, metals, pharma - recorded gains. During the day, the Sensex hit a high of 13,912.54, close to kissing the 14,000 mark.
FIIs were net buyers to the tune of Rs 349.2 crore and mutual funds to the tune of Rs 43.15 crore.
On the NSE, as many as 529 scrips advanced and 417 declined while on the BSE 561 advanced and 362 declined.
On Tuesday, the Sensex did kiss the 14,000 mark before dipping. A buyer wrongly picked up Reliance Industries at Rs 1,350 sending the Sensex to 14,028 for a brief moment before falling to 13,968.
Blue chips like RIL, L&T, Tisco, Infosys and Bharti Airtel led from the front. Metal stocks, technology, oil and gas, and capital goods stocks were the gainers while banking, pharma and auto stocks were on the receiving end. Finally, the Sensex closed at 13,937.65 and the Nifty at 4,016.
FIIs were net sellers to the tune of Rs 2,813.8 crore but mutual funds were net buyers at Rs 50.5 crore.
The NSE witnessed 453 advances against 500 declines but the BSE witnessed more advances than declines at 523 (advances) and 403 (declines).
There was a dip in turnover on the BSE from Rs 4,842.05 crore on Monday to Rs 4,779.34 crore on Tuesday. The same on NSE, which was Rs 8,855 crore on Monday but Rs 8,799 crore on Tuesday.
Wednesday turned out to be a volatile day and it was buying in RIL and technology stocks that did not allow the Sensex to close lower. The Sensex closed 13,949 and the Nifty at 4,016.
The turnover dipped further to Rs 4,563.85 crore (BSE) and Rs 8,702.49 crore (NSE).
FIIs were net buyers to the tune of Rs 433.2 crore while mutual funds turned out to be net sellers at Rs 178 crore.
The advances were less than the declines on both the exchanges. The NSE has just 262 advances with 689 declines while the BSE had 413 advances with 517 declines.
Thursday followed the same volatile pattern as Wednesday. Despite that, the bulls prevailed and the Sensex closed at 13,972 and the Nifty flat at 4,015.
Banking, auto, capital good stocks and metal stocks were the gainers. Select heavy weights like ABB, RIL, ICICI Bank, BHEL, Satyam Computers and HLL also recorded smart gains. FMCG stocks - Britannia, Colgate, ITC, McDowell - continued their downward trend. Technology stocks - Infosys, Wipro, Mphasis BFL, NIIT, Moser Baer - all lost.
The turnover further dipped to Rs 3,824 crore (BSE) and Rs 7,480.37 crore (NSE).
On Thursday, FIIs were net buyers to the tune of Rs 244.1 crore and mutual funds only at Rs 4.19 crore.
The NSE had 424 advances with 518 declines while the BSE had 504 advances against 431 declines.
The bulls lost their steam on Friday with the Sensex closing at 13,799.49 and the Nifty at 3,962. Turnover increased on BSE and NSE to Rs 4,147.94 crore and Rs 7,556.04 crore, respectively.
FIIs were net buyers only to the tune of Rs 10.1 crore. On both exchanges, advances were less than the declines. The NSE had 300 advances and 649 declines while the BSE had 431 advances and 499 declines.
CNX Mid Cap was volatile this week. It went up on Monday and Tuesday but dipped on Wednesday. It picked up on Thursday but fell on Friday. Its Monday closing was 5,146.3 and its Friday's closing was 5,099.5.
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