Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessMarkets

Week in 5 Charts: Sensex, Nifty up 1% on strong IIP, easing WPI data

The Sensex rose 0.81 percent this week, or 289.68 points, to ending at 35962.93, while Nifty was up 1.04 percent, or 111.75 points, to close at 10805.45.

December 15, 2018 / 11:23 AM IST

After a subdued start on Monday ahead of election result of five states, the market bounced back from the low point in the week ended December 14 amid strong domestic economic data and mixed global cues.

Despite BJP losing all three states, strong IIP and better WPI and CPI lent some support to the market.

India's WPI inflation, which is calculated on wholesale prices, fell to 4.64 percent in November 2018, from 5.28 percent in October on lower power and fuel inflation and food deflation. However, November WPI core inflation was at 4.8 percent against 5.1 percent, MoM.

On the other hand, India’s industrial production (IIP) grew 8.1 percent in October as against 4.5 percent in September, while CPI inflation eased to 2.33 percent in November compared to 3.4 percent in October.

The Sensex rose 0.81 percent this week, or 289.68 points, to ending at 35962.93, while Nifty was up 1.04 percent, or 111.75 points, to close at 10805.45.

On a weekly basis, the rupee depreciated 1.53 percent (Rs 1.09) against the dollar as it ended at 71.89 on December 14 against December 07, closing of 70.80 against the dollar.

NIFTY

The S&P BSE Largecap index rallied 1.32 percent, while S&P BSE Midcap and S&P BSE Smallcap Index rose 3.23 percent and 2.82 percent, respectively.

weekly-markets-rakesh (6)

weekly-markets-rakesh (7)

weekly-markets-rakesh (8)

The Nifty PSU Bank index has outperformed other sectoral indices with a gain of 5.5 percent during the week.

weekly-markets-rakesh (10)

On the BSE, State Bank of India (SBI) gained the most in terms of market value, followed by Infosys, Maruti Suzuki and ONGC.

weekly-markets-rakesh (9)

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

Rakesh Patil
first published: Dec 15, 2018 10:55 am

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347