Domestic equity market benchmark BSE and Nifty 50 hits a record high on Tuesday. Nifty 50 touched an all-time high of 16,000 points while BSE Sensex hit a new record of 53,83 on August 3.
On Thursday, BSE reached 54,717 while Nifty 50 claimed 16,349. During the closing hours, the indices were at 54,492 and 16,294 respectively.
According to MoneyControl, BSE Largecap Index also hit a new high of 6308.32 and surged nearly 3 per cent in the week ended August 6 led by the Piramal Enterprises, Eicher Motors, Bharti Airtel, Housing Development Finance Corporation.
On August 4, the BSE Smallcap index touched a fresh record high of 27323.18. The top gainers were Hindustan Oil Exploration Company, Tejas Networks, and Steel Strips Wheels.
Tata Consultancy Services (TCS) and HDFC Bank added most market value. Firms like Bajaj Finserv and UltraTech Cement lost the most in terms of market value last week, reported MoneyControl.
On August 6, Indian Rupee rose 26 paise against the US dollar, to close at 74.15.
The Reserve Bank of India announced the monetary policy. The repo rates and reverse repo rates remain unchanged. The Consumer Price Index (CPI) inflation estimate was raised to 5.7% for FY22. Rate sensitivity stocks continued to trade solid.
Foreign institutional investors (FII) bought equities worth Rs 2,616.04 crore, while domestic institutional investors (DIIs) bought equities worth Rs 896.84 crore, MoneyControl reported.
