The market was under pressure at the start of the week ending May 7 due to an increase in COVID cases in the region, which resulted in extended lockdown in some states, but the market gained traction as the week progressed. Positive global cues and in-line earnings from Indian Inc. helped indices trade in a range.
The BSE Sensex gained 424.11 points (0.86 percent) last week to close at 49,206.47, while the Nifty50 gained 192.1 points (1.31 percent) to close at 14,823.2.
Angel Broking, Bajaj Hindusthan Sugar, Indraprastha Medical Corporation, and Tata Steel BSL all rose 32-51 percent, boosting the BSE Small-cap index by 2.5 percent. However, big losers included Vikas WSP, Tata Chemicals, DCW, Future Enterprises, and Tasty Bite Eatables.
Steel Authority of India, Bharat Heavy Electricals, Motilal Oswal Financial Services, Adani Enterprises, Adani Transmission, and IDBI Bank led the BSE Mid-cap Index higher by 1.4 percent, while Sun TV Network, Godrej Properties, Future Retail, and AU Small Finance Bank were among the losers.
NMDC, Marico, Tata Steel, Lupin, Hindalco Industries, and Vedanta all rose 10-18% on the BSE Large-cap Index. TCS has gained the most market value on the BSE Sensex in the last week, followed by Bharti Airtel, Hindustan Unilever, and Housing Development Finance Corporation. Reliance Industries, on the other hand, suffered the greatest loss in terms of market value. On a sectoral basis, Nifty Metal outperformed other indices by 10%, led by Nifty PSU Bank (up 3%), and Nifty IT Index (up 3%). (up 2.3 percent). Foreign institutional investors (FIIs) sold Rs 5,092.50 crore worth of stocks, while domestic institutional investors (DIIs) purchased Rs 2,050 crore worth of stocks.