{"id":41108,"date":"2024-12-21T15:56:14","date_gmt":"2024-12-21T10:26:14","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=41108"},"modified":"2024-12-21T15:56:14","modified_gmt":"2024-12-21T10:26:14","slug":"benchmark-indices-went-bearish-for-the-whole-week-all-the-sectoral-indices-ended-in-red-broader-market-indices-also-dropped-by-more-than-3-percent","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/benchmark-indices-went-bearish-for-the-whole-week-all-the-sectoral-indices-ended-in-red-broader-market-indices-also-dropped-by-more-than-3-percent\/","title":{"rendered":"Benchmark indices went Bearish for the whole week; All the sectoral indices ended in red; Broader market indices also dropped by more than 3 percent"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"41108\" class=\"elementor elementor-41108\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-372ea13a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"372ea13a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-11c9bbdf\" data-id=\"11c9bbdf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ee72f84 elementor-widget elementor-widget-text-editor\" data-id=\"ee72f84\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>Weekly Market Review<\/strong><\/span><\/p><p><span style=\"color: #000000;\">The Indian markets erased all the last four weeks&#8217; gains and posted the biggest weekly fall in more than 2 years. The benchmark indices ended in red for all the trading sessions of the week amid a global sell-off after the US Fed&#8217;s cautious stance on the pace of future rate cuts, which led to huge FIIs selling.<\/span><\/p><p><span style=\"color: #000000;\">This week, BSE Sensex shed 4,091.53 points or 4.98 percent to close at 78,041.59, while the Nifty50 index fell 1,180.8 points or 4.76 percent to finish at 23,587.50.<\/span><\/p><p><span style=\"color: #000000;\">The BSE Large-cap Index shed 5 percent while BSE Mid-cap Index was down more than 3 percent and the BSE Small-cap index was down 3 percent.<\/span><br \/><span style=\"color: #000000;\">All the sectoral indices ended in the red with the BSE Power and Metal indices shedding nearly 7 percent each, the BSE Capital Goods index down 6 percent, BSE Telecom index slipped 5.7 percent.<\/span><\/p><p><span style=\"color: #000000;\">Tata Consultancy Services lost most of its market value, followed by Reliance Industries, HDFC Bank, and Bharti Airtel. On the other hand, Sun Pharmaceutical Industries, IndusInd Bank, and ITC added most of their market cap.<\/span><\/p><p><span style=\"color: #000000;\">During the week, Foreign Institutional Investors (FIIs) sold equities worth Rs 15,828.11 crore, while Domestic Institutional Investors (DII) bought equities worth Rs 11,873.92 crore.<\/span><\/p><p><span style=\"color: #000000;\">The Indian rupee touched a fresh record low of 85.10 during the week ended December 20.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fe3cdbf elementor-widget elementor-widget-text-editor\" data-id=\"3fe3cdbf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\">\u00a0<span style=\"color: #000000;\"><strong>ECONOMY<\/strong><\/span><\/p><p><span style=\"color: #000000;\">I<strong>ndia&#8217;s forex reserves dip to nearly six-month low<\/strong><\/span><\/p><p><span style=\"color: #000000;\">India&#8217;s foreign exchange reserves fell by nearly $2 billion to an almost six-month low of $652.87 billion as of Dec. 13, data from the Reserve Bank of India (RBI) showed on Friday.<\/span><\/p><p><span style=\"color: #000000;\">The reserves had declined by $3.2 billion in the week of Dec. 6, and have declined by $52 billion from the record high of $704.89 billion hit on Sept. 27.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Centre must push states to comply with renewable purchase obligations, says industry<\/strong><\/span><\/p><p><span style=\"color: #000000;\">Vineet Mittal, chairman and founder of Avaada Group, which aims to have a renewable capacity portfolio of 30 GW by 2030, said India currently has unsigned PPAs and PSAs to the tune of 48,000 MW (48 GW).<\/span><\/p><p><span style=\"color: #000000;\">\u201cOne of the biggest challenges is that of unsigned PPAs and PSAs, without which all the investments by RE developers would remain only in theory. The Centre must push the states for strict compliance to renewable purchase obligations (RPOs), which would compel discoms to buy green power and thus, sign PPAs,\u201d he said.<\/span><\/p><p><span style=\"color: #000000;\"><strong>STOCKS IN NEWS<\/strong><\/span><\/p><p><span style=\"color: #000000;\"><strong>Siemens:<\/strong> Shares of Siemens were sharply lower by over 9% in mid-day trade, after analysts were disappointed by the fine print of the investor call that the company hosted on December 20, which alluded to a stagnant private capex, and concerns regarding the supply chain for digital industries. In the call with analysts, the company confirmed that the &#8216;private capex has not picked up meaningfully&#8217;, souring the sentiment for the share price. However, private capex in semiconductors, batteries, solar PVs, and the electric vehicles space has been good, the company added.<\/span><\/p><p><span style=\"color: #000000;\"><strong>NTBCL:<\/strong> Shares of NTBCL ended sharply lower by 5 percent after the Supreme Court said awarding a contract to private firm Noida Toll Bridge Company Ltd (NTBCL) to collect tolls from vehicles plying on the Delhi-Noida DND flyway is unjust. The apex court pulled up NOIDA authority for delegating toll collection to private firm NTBCL, saying it has resulted in unjust enrichment.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Mazagon Dock Shipbuilders:<\/strong> Shares of the defence company ended over 6 percent lower as investors rushed to take profits off the counter after its recent surge. The stock has gained over 17 per cent in the past month, which gave investors more leeway to take home partial profits.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Gravita India:<\/strong> Shares slipped over 3 per cent after the firm&#8217;s board of directors approved a Qualified Institutions Placement (QIP) to raise to Rs 1,000 crore. The board approved the issue price for 47,70,537 equity shares at Rs 2,096.20 per share, including a premium of Rs 2,094.20. This price reflects a Rs 110.29 discount (5 percent) on the floor price of Rs 2,206.49, as permitted under SEBI regulations.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Brainbees Solutions:<\/strong> FirstCry operator Brainbees Solutions Ltd. gained 3 percent in the morning session as domestic brokerage JM Financial kicked off coverage on the stock with a bullish &#8216;buy&#8217; tag, seeing a target price of Rs 692. The price target implies an upside potential of 14 percent from the previous session&#8217;s closing price.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-139fcf5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"139fcf5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2f0438d\" data-id=\"2f0438d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a44074f elementor-align-center elementor-widget elementor-widget-button\" data-id=\"a44074f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/instakyc.flattrade.in\/Signup\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Weekly Market Review The Indian markets erased all the last four weeks&#8217; gains and posted the biggest weekly&hellip;","protected":false},"author":5,"featured_media":37706,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[18],"tags":[46,23,84,261],"class_list":{"0":"post-41108","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-weekly-market","8":"tag-market-news","9":"tag-stock-market","10":"tag-stocks","11":"tag-weekly-report","12":"cs-entry","13":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Benchmark indices went Bearish for the whole week; 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