share market
share market

Indian equity markets snapped seven weeks rising momentum to finish 0.5 percent lower but touched fresh record highs in the volatile week ended December 22 amid mixed global cues and fear of rising covid cases in India.

For the week, BSE Sensex shed 0.52 percent or 376.79 points to finish at 71,106.96, while Nifty50 declined 107.25 points or 0.49 percent to end at 21,349.40.

On December 20, the Sensex and Nifty hit fresh milestone of 71,913.07 and 21,593, respectively.

In the broader market, BSE Mid-cap Index touched fresh record level of 36,483.16 during the week but for the week the index fell nearly 1 percent. The BSE Small-cap index hit fresh record high of 42,648.86 but ended on a flat note for the week.

Among sectors, Nifty PSU Bank index plunged 3 percent, Nifty Media index down 2 percent, Nifty Auto index down 1.4 percent, and Nifty Metal index shed 1 percent. On the other hand, Nifty FMCG and Pharma indices added 1 percent each.

In terms of the market value, Reliance Industries added the most in terms of market value, followed by Hindustan Unilever, HDFC Bank and Nestle India. On the other hand, ICICI Bank, Bajaj Finance and Tata Consultancy Services lost the most of their market-cap.

In the forex market, Indian rupee ended lower versus US dollar, to finish at 83.15 in the week ended December 22 against December 15 closing of 83.

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