The country?s equity indices continued their losing streak and ended the day with minimal losses. However, Mid-cap and Small-cap indices managed to outperform the 30-share Sensex of the Bombay Stock Exchange (BSE). The Sensex was down by 75.43 points or 0.43% to end the day at 17,540.29 points, while the Mid-cap index of the BSE closed at 6,946 points, gaining 1.38 points or 0.02%. Small-cap index of the BSE added 37.88 points or 0.44% to finally end the day at 8,697.64 points. The broader S&P CNX Nifty of the National Stock Exchange (NSE) lost 18.35 points or 0.35% to close at 5,244.75 points.
Mayank Shah, CEO of Anagram capital Ltd, said, ?After the recent upward rally in the domestic markets, the large-cap stocks were overpriced. So, we are witnessing some positive amount of inflows in the Mid-cap and Small-cap indices as there is still some valuations gap.?
Despite benchmark indices ending the day on negative terrain, in the last one week, they managed to close with marginal gains. In the last one week, the Sensex gained 75.48 points or 0.43%, while Nifty added 43.70 points or 0.84%. Dealers in the markets say that the week?s gain can be attributed to the sustain inflows from the foreign funds.
On Friday, the last trading day of the week, selling was seen in final hours of the trading session, taking the markets to end below the dotted line. In BSE Sectoral indices, IT, Teck and Metal were worst performers of the day while Realty and Capital goods (CG) were the top gainers of the day. According to the provisional figures provided by the BSE, both foreign institutional investors and domestic institutional investors bought stocks from the market. FIIs were net buyers at over Rs 70 crore, while domestic institutional investors bought stocks worth Rs 182 crore.