Mumbai: The benchmark Sensex tumbled 846.30 points for the week to revisit at 32,000-level at 32,832.94, while the broader Nifty ended below the key 10,200- level to close at 10,121.80.
The market saw largely volatile sessions throughout the week, with first three-days trading range-bound possessed by uncertainty over the September quarter GDP data.
Finally, the bounce-back in the GDP growth and the brief short-covering gains during start of the week dismantled by caution as bears silently took control, pressured by surge in country’s fiscal deficit figure, while renewed tensions in korean peninsula and F&O expiry added the volatility.
Country’s reversing trend in economic growth with GDP data showing an expansion by 6.3 per cent in July-September after five-quarter slide, usurped by worries over widening fiscal deficit as it hit 96.1 per cent or 5.25 lakh crore of the budget estimate for 2017-18 pressuring banking sector.
The Sensex started the week lower at 33,640.51 and hovered between 33,770.15 and 33,797.78 before settling the week at 32,832.94, showing a loss of 846.30, or 2.51 per cent. (The Sensex gained 364.68 points or 1.09 per cent in previous two weeks session).
The Nifty also started the week lower at 10,361.05 and traded in the range of 10,409.55 and 10,108.55 to end at 10,121.80, showing a fall of 267.90 points, or 2.58 per cent.
Selling was led by Metals, PSUs, IT, Teck, Banks, Oil&Gas, Power, Auto, Healthcare, FMCG, ConsumerDurables and Capital Goods. While Realty and IPOs witnessed some buying. Broader Indices midcap and smallcap company shares also sold off this week.
Meanwhile, foreign portfolio investors (FPIs) and foreign institutional investors (FIIs) bought shares worth Rs 3,471.90 crore during the week, as per Sebi’s record including the provisional figure of December 01.
The S&P BSE Mid-Cap index fell 177.05 points, or 1.05 per cent, to settle at 16,757.27. The S&P BSE Small-Cap index fell 7.07 points, or 0.04 per cent, to settle at 18,017.48.
Among sectoral and industry indices, Metal declined by 4.00 per cent followed by IT 3.14 per cent, teck 2.89 per cent, bankex 2.69 per cent, oil and gas 2.65 per cent, power 1.60 per cent, auto 1.48 per cent, healthcare 1.43 per cent, FMCG 0.71 per cent, consumer durables 0.70 per cent and capital goods 0.46 per cent, while IPO rose by 0.60 per cent and realty 0.48 per cent. Among the 31-share Sensex pack, 28 stocks fell and remaining 3 stocks rose during the week.
Auto major Tata Motors fell by 6.07 per cent, it was followed by SBI 5.93 per cent, Infosys 5.09 per cent, Tata Motors DVR 4.92 per cent, Adani Ports 4.28 per cent, Reliance 4.18 per cent, Sun Pharma 4.12 per cent, Power Grid 3.91 per cent, Tata Steel 3.82 per cent and ICICI Bank 3.72 per cent. While, Car major Maruti Suzuki India was the top gainer in the Sensex pack last week.
The stock rose 1.41 per cent to Rs 8,607.55. The company said its total sales rose 14.1 per cent to 1.54 lakh units in November 2017 over November 2016. It was followed by NTPC 0.42 per cent and Coal India 0.42 per cent.
The total turnover during the week on BSE fell to Rs 21,385.34 crs as against last weekend’s level of Rs 21,642.20 crores, While NSE rose to 1,66,518.45 compared to Rs 1,49,893.85 crs previously.