No fireworks on Dalal Street ahead of Diwali as BSE Sensex slips 199 pts

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Foreign institutional investors bought shares worth Rs 4,065.89 crs during the week, including the provisional figure of October 25. Foreign institutional investors bought shares worth Rs 4,065.89 crs during the week, including the provisional figure of October 25.
SummarySensex scaled 21,000 mark after three years but soon lost momentum.

pct, Bharti Airtel 3.63 pct, Sun Pharmaceuticals Industries 3.33 pct, Tata Consultancy Services (TCS) 2.50 pct, Dr Reddys Laboratories 2.40 pct and Reliance Industries (RIL) 2.15 pct.

Gainers included GAIL 5.27 pct, SSLT 3.53 pct, State Bank of India (SBI) 3.17 pct and Maruti Suzuki India 2.53 pct.

Among the sectoral indices, S&P BSE Realty dropped by 2.17 pct followed by FMCG 1.92 pct, Healthcare 1.78 pct, Oil & Gas 1.40 pct, TECK 1.37 pct, IT 1.21 pct and AUTO lost 1.14 pct.

However, S&P BSE CG rose by 5.43 pct and Bankex gained 1.56 pct. S&P BSE small and midcap indices also firmed up by 1.53 pct and 1.19 pct, respectively, on the back of buying from retail investors.

Turnover at BSE and NSE rose to Rs 10,218.99 crore and Rs 57,050.94 crore respectively, from the last weekend level of Rs 7,605.86 crore and Rs 45,274.33 crore.

The rupee continued to fall against the American currency for the 2nd consecutive week on persistent dollar demand from banks and importers ahead of the Reserve Bank of India's meeting next week in spite of sustained capital inflows from foreign funds into equity market.

The rupee resumed lower at 61.35 per dollar as against the last closing level of 61.27 at the Interbank Foreign Exchange (Forex) market and dropped further to 61.83 on heavy dollar demand from banks.

However, it recovered afterwards to 61.05 per dollar before ending the week at 61.46, still showing a loss of 19 paise or 0.31 per cent from its last weekend's level.

The rupee has dropped nearly 39 paise or 0.64 per cent in the last two weeks.

The domestic currency moved in a range of 61.05 to 61.83 per dollar during the week.

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