Market Weekly Summary: Indian market strong due to return of FIIs, Sensex-Nifty jump 4 percent

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Market Weekly Roundup: The domestic stock market saw strength last week. The market witnessed a rally on positive global trends and changing mood of foreign institutional investors. The Indian markets closed in the green on all five trading days of the last week. This has brought a smile on the faces of the investors. During this Nifty was successful in crossing the figure of 16700.

In the week ended July 22, the Sensex registered an increase of 2311.45 points. The Sensex was trading at the level of 56072.23 at the time of closing of the market on Friday, gaining 4.3% percent during the last week.

Nifty gained 670.25 points in the last week. The Nifty 50 saw a jump of 4.10% in the trading week ended Friday. It was successful in closing at the level of 16719.45 on Friday. The BSE Mid Cap and Small Cap indices also saw gains of 3.53% and 3.86 per cent respectively.

Shares of IT giant Wipro jumped 4.3% in the week ended July 22. At the same time, shares of Hindustan Unilever also registered a rise of 2.79%. The company’s profit grew 11% to 2563.6 crore in the first quarter of the financial year. In the last week, shares of SBI, Vedanta and HDFC Bank also saw strength.

After a long time in the last week, Foreign Institutional Investors (FIIs) have once again turned to the Indian equity market. For the week ended Friday, FIIs made purchases of Rs 4037.29. At the same time, domestic institutional investors (DIIs) made purchases of Rs 940.47 crore during this period. FIIs interest in the market has strengthened. The market is expected to remain strong in the coming week as well.

Market Weekly Roundup: Rupee closed at 79.96 on the last day of the week

In the last week, the rupee had broken even above the psychological level of 80 rupees against the dollar. But, on Friday, the last day of the week, the rupee closed at 79.96 with a slight strength. RBI Governor Shaktikanta Das, speaking during an event on the news of rupee depreciation last week, said, “Indian rupee has registered relatively less depreciation as compared to other currencies of the world. We are monitoring the situation. We have We have sufficient foreign exchange reserves and we will do our best to save the rupee from breaking down.

The condition of the crypto market also improved

During the last one week, the prices of cryptocurrencies also saw a correction. The largest cryptocurrency, Bitcoin, gained 9.91% over the past seven days. However, in the last 24 hours, bitcoin has again shown a weakness of 3.43 percent. Bitcoin is currently trading at Rs 18,11,635.32. At the same time, the price of the second largest cryptocurrency, Ethereum, jumped 30.56% in the last seven days. Ethereum is currently trading at Rs 1,24,766.15. All cryptocurrencies except Uniswap UNI and UNUS SED LEO are currently trading in the green.

Expansion

Market Weekly Roundup: The domestic stock market saw strength last week. The market witnessed a rally on positive global trends and changing mood of foreign institutional investors. The Indian markets closed in the green on all five trading days of the last week. This has brought a smile on the faces of the investors. During this Nifty was successful in crossing the figure of 16700.

In the week ended July 22, the Sensex registered an increase of 2311.45 points. The Sensex was trading at the level of 56072.23 at the time of closing of the market on Friday, gaining 4.3% percent during the last week.

Nifty gained 670.25 points in the last week. The Nifty 50 saw a jump of 4.10% in the trading week ended Friday. It was successful in closing at the level of 16719.45 on Friday. The BSE Mid Cap and Small Cap indices also saw gains of 3.53% and 3.86 per cent respectively.

Shares of IT giant Wipro jumped 4.3% in the week ended July 22. At the same time, shares of Hindustan Unilever also registered a rise of 2.79%. The company’s profit grew 11% to 2563.6 crore in the first quarter of the financial year. In the last week, shares of SBI, Vedanta and HDFC Bank also saw strength.

After a long time in the last week, Foreign Institutional Investors (FIIs) have once again turned to the Indian equity market. For the week ended Friday, FIIs made purchases of Rs 4037.29. At the same time, domestic institutional investors (DIIs) made purchases of Rs 940.47 crore during this period. FIIs interest in the market has strengthened. The market is expected to remain strong in the coming week as well.

Market Weekly Roundup: Rupee closed at 79.96 on the last day of the week

In the last week, the rupee had broken even above the psychological level of 80 rupees against the dollar. But, on Friday, the last day of the week, the rupee closed at 79.96 with a slight strength. RBI Governor Shaktikanta Das, speaking during an event on the news of rupee depreciation last week, said, “Indian rupee has registered relatively less depreciation as compared to other currencies of the world. We are monitoring the situation. We have We have sufficient foreign exchange reserves and we will do our best to save the rupee from breaking down.

The condition of the crypto market also improved

During the last one week, the prices of cryptocurrencies also saw a correction. The largest cryptocurrency, Bitcoin, gained 9.91% over the past seven days. However, in the last 24 hours, bitcoin has again shown a weakness of 3.43 percent. Bitcoin is currently trading at Rs 18,11,635.32. At the same time, the price of the second largest cryptocurrency, Ethereum, jumped 30.56% in the last seven days. Ethereum is currently trading at Rs 1,24,766.15. Except for Uniswap UNI and UNUS SED LEO, all other cryptocurrencies are currently trading in the green.

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