On Monday, the markets closed higher at 13,965.86 (Sensex) and 4,134.30 (Nifty). FIIs were net sellers to the tune of Rs 336.2 crore but mutual funds were net buyers to the tune of Rs 40 crore. Banking stocks ended with smart gains. ICICI Bank and HDFC Bank were the big winners and amongst the mid-caps, Canara Bank, Union Bank and OBC were the big gainers.
On Tuesday, the markets slumped. The Sensex closed at 13,929.33 and the Nifty at 4, 120.30. FIIs were net buyers to the tune of Rs 60.5 crore but mutual funds turned into net sellers to the tune of Rs 73.6 crore. Mid-caps did well. The BSE Mid Cap closed at 5, 955.35 (up from 5,941.09 on Monday) and the CNX Midcap closed at 5, 407.65 (up from 5,377.90)
On the BSE, turnover rose to Rs 2,990 crore from Monday's Rs 2,887 crore. The NSE too witnessed a hike in turnover from Rs 4, 849.56 to Rs 5,026.99 crore. Banking stocks recorded smart gains while media stocks were the star performers. Suzlon Energy plunged since the Q4 results were lower than market expectations.
On Wednesday, the market surged again. The Sensex closed at 14,127.31 and the Nifty at 4,170.95. The BSE Mid Cap also rose to 6041.33 and CNX Midcap closed at 5474.10.
FIIs were net sellers (Rs 330.8 crore) and mutual funds were net buyers (Rs 335.6 crore). Turnover kept rising to Rs 3,235 crore (BSE) and Rs 5, 222.38 crore (NSE). Banking stocks continued the upward trend, while real estate stocks like Parsvnath, Bombay Dyeing, Sobha Developers and Akruti witnessed fresh buying interest.
The bulls continued to rule on Thursday with all the key indices closing higher: Sensex (14,299.71), Nifty (4, 219.55), BSE Mid Cap (6, 088.79) and CNX Midcap (5,519.80).
FIIs continued to be net sellers (Rs 139.3 crore) and mutual funds net buyers (Rs 607.5 crore). Turnover further rose to Rs 3,522 crore (BSE) and Rs 5, 814.85 crore (NSE). The Oil & Gas stocks were the major gainers followed by banking stocks and technology.
On Friday, the markets closed flat. The Sensex rose by 3 points to close at 14,303.41 and the Nifty dropped by 5 points to close at 4214.50. The BSE Mid Cap closed flat at 6,089.95 and the CNX Midcap closed higher at 5,536.10.
FIIs were net buyers to the tune of Rs 1,060.7 crore. Turnover dropped to Rs 2,606 crore (BSE) and Rs 4,297.51 crore (NSE).
The top gainers this week were SBI (15.36%) and ICICI Bank (12.04%). Bajaj Auto was the biggest loser at -15.88%.
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