Indian equity indices extended the winning streak in the fifth consecutive week with benchmark indices crossing major milestones in the first week of July amid positive global cues and extended support from foreign investors.
This week, BSE Sensex rose 963.87 points or 1.21 percent to close at 79,997, while the Nifty50 index gained 313.2 points or 1.30 per cent to close at 24,324. On July 5, BSE Sensex and Nifty50 touched record highs of 80392.64 and 24,401, respectively. The BSE Large-cap Index rose 1.5 percent, while Mid-cap added about 3 percent and the Small-cap index surged nearly 4 percent.
In terms of the market value, Tata Consultancy Services added the most, followed by Infosys, Reliance Industries and ICICI Bank. On the other hand, HDFC Bank, Titan Company and Bharti Airtel lost most of their market cap. Among sectors, the Nifty Information Technology index jumped 4.3 percent, Pharma index rose 3.6 percent, Media index gained 2.7 percent and Oil & Gas index rose 2.6 percent.
Foreign institutional investors (FIIs) extended their buying this week also as they bought equities worth 6,874.66 crore rupees. In comparison, Domestic Institutional Investors (DII) remained net sellers as they sold equities worth 385.29 crore rupees.
