The Indian rupee fell 29 paise to end at 84.37 per dollar on November 8 against the October 31 closing of 84.08.
The market erased previous week gains and ended marginally lower in the volatile week ended on November 8 amid continued FII selling, weak Q2 earnings and, geopolitical tension.
This week, BSE Sensex was down 237.8 points or 0.29 percent to end at 79,486.32, while the Nifty50 index was down 156.15 points or 0.64 percent to close at 24,148.20.
BSE Mid-cap Index was down 0.4 percent with Tube Investments of India, Aarti Industries, Torrent Power, New India Assurance Company, Ajanta Pharma, Godrej Properties, Vodafone Idea, Muthoot Finance, Emami, Colgate Palmolive (India), GlaxoSmithKline Pharmaceuticals, Star Health & Allied Insurance Company falling between 6-13 percent, while gainers included Page Industries, Gland Pharma, Voltas, Oil India, Max Healthcare Institute, Indian Hotels Company, Oracle Financial Services Software and Ashok Leyland.
The BSE Large-cap Index was down 0.7 percent dragged by Hindustan Zinc, Coal India, Asian Paints, Hindalco Industries, Grasim Industries, ABB India, Berger Paints India, Hero MotoCorp, while gainers were One 97 Communications (Paytm), Mahindra and Mahindra, Apollo Hospitals Enterprises, Tech Mahindra, HCL Technologies and Tata Consultancy Services.
The BSE Small-cap index shed 1.3 percent with Prudent Corporate Advisory Services, Bharat Bijlee, Voltamp Transformers, Thangamayil Jewellery,Poly Medicure, Everest Industries, Fusion Finance, Inox Green Energy Services, Electrosteel Castings, HIL, Apar Industries, EKI Energy Services, Triveni Turbine, Yatharth Hospital and Trauma Care Services falling between 10-16 percent. On the other hand, JSW Holdings, Avalon Technologies, ITI, Siyaram Silk Mills, Vimta Labs, Innova Captab, Lancer Containers Lines, Tilaknagar Industries,Dhani Services, DCM Shriram, Raghav Productivity Enhancers, Vijaya Diagnostic Centre added between 15-57 percent.
Among sectors, Nifty Realty index shed more than 4 percent, Nifty Media fell 3.2 percent, Nifty Energy index declined 3 percent, Nifty Oil & Gas index was down nearly 2 percent. On the other hand Nifty Information Technology index added 4 percent, and Nifty PSU Bank index rose 1 percent.
In terms of the market value, Reliance Industries lost the most, followed by Bharti Airtel, ICICI Bank, Asian Paints. On the other hand, Tata Consultancy Services, Infosys, HCL Technologies added the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)
Foreign Institutional Investors (FIIs) continued their selling in the month of November also as they sold equities worth Rs 14,485.12 crore during the week. On the other hand, Domestic Institutional Investors (DII) bought equities worth Rs 9,239.03 crore.
The Indian rupee fell 29 paise to end at 84.37 per dollar on November 8 against the October 31 closing of 84.08. The domestic currency touched fresh record low of 84.38 during the week.