In this week that
ended yesterday, the market closed lower for the second week in a row due to
mixed data points like continued selling by Foreign Institutional Investors,
domestic wholesale inflation at a 21-month low, a decline in inflation in the
United States and Britain, and rate hikes by the US Fed, European Central Bank
(ECB), and Bank of England. The Sensex fell 843.86 points,or 1.35%,to 61,337 levels
for the week, while the Nifty50 fell 227.6 points, or 1.23%, to 18,269 levels.
Reliance Industries suffered the greatest loss in market capitalization among
the Sensex, followed by Tata Consultancy Services, ICICI Bank, and Infosys.
Bajaj Finance, HDFC Bank, and Larsen & Toubro, on the other hand, increased
the majority of their market caps. This week, domestic institutional investors
purchased shares worth Rs 3,462.22 crore while FIIs sold shares worth Rs
1,832.91 crore. However, as of December, DIIs have purchased shares worth Rs
10,551.62 crore while FIIs have sold shares worth Rs 7,490.05 crore.
Among areas, the Clever Media record fell 2.2 %, Clever FMCG list shed 1.8 %,
Clever Realty 1.7 and Clever Data Advances file was down 1.6 %. The Nifty PSU
Bank index, on the other hand, gained 0.8%. The Indian rupee lost more ground
this week, ending 59 paise lower at 82.86 per US dollar on December 16 compared
to its closing of 82.27 on December 9.
NIFTY SUPPORT : 18137,18133
NIFTY RESISTANCE : 18440,18652
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