The market’s promising start gave way to a negative close driven by international dynamics. The week witnessed considerable fluctuations due to Federal Reserve Chairman Jerome Powell’s speech, impacting the Sensex and Nifty indices. The Sensex concluded at 64,886.51, registering a marginal loss of 62.15 points (0.09%), while the Nifty stood at 19,265.80, marking a decline of 44.35 points (0.22%).
Sectoral Shifts: Pharma and Nifty PSU Bank indices experienced a 1.5% decline, paralleled by a 1.2% dip in the Nifty Energy index. In contrast, Nifty IT showcased a 1% gain, and Nifty Media edged up by 0.6%.
Investor Insights: Foreign Institutional Investors (FIIs) extended their net selling trend for the fifth consecutive week, offloading Rs 4,895.29 crore in the Indian equity market. Conversely, Domestic Institutional Investors (DIIs) exhibited robust buying, accumulating Rs 8,495.99 crore during the same period.
August’s Investment Scenario: In August, FIIs have sold Rs 15,821.13 crore, contrasting with DIIs’ significant purchase of Rs 17,741.85 crore.
Rupee’s Movement: After touching an unprecedented high above 83 against the dollar in the preceding week, the Indian rupee demonstrated resilience by recovering 45 paise to close at 82.65 against the dollar on August 25. This was a notable improvement from its previous closure at 83.10 on August 18.
