Mumbai: The benchmark Sensex snapped its two week winning streaks to register small losses by 45.26 points to conclude at 36,496.37, while the broader Nifty managed to maintain the key 11,000-level to close at 11,010.20, losing a marginal 8.70 points.
Caution ruled roost during the week trade, weighed down by economic woes set-off by the surging June Wholesale price (WPI) inflation which shot-up to a four-year high to 5.77 per cent increased the chances of RBI hiking rates in its August meet.
However, a 4 per cent drop in global crude oil amid good corporate earning results and reports of government plan to infuse capital in troubled PSU banks alleviated the situation for a brief spell, only to be marred by political drama triggering a turn-around.
The no-trust motion against the BJP government on first of day of monsoon session of parliament brought investors anxiety once again, However, the market rebounded strongly in Friday session, driven by spurt in IT and Pharma counters, while the rupee hit record low at 69.13 vs US dollar.
The BSE Sensex started the week positive at 36,658.71 and hovered between life time highs of 36,747.87 and low of 36,261.78 before closing the week at 36,496.37, showing a modest loss of 45.26 or 0.21 per cent.
(The Sensex gained 1118.15 points or 3.16 per cent in the previous two weeks session).
The Nifty also resumed the week higher at 11,018.95 and traded between 11,076.20 and 10,925.60, the index finally closed at 11,010.20, a marginal loss of 8.70 points, or 0.08 per cent.
In the broader market both Smallcap and Midcap ended the week with substantial losses.
Selling was led by Metal, Realty, HealthCare, Auto, Capital Goods, FMCG, Power, Banks and IPOs.
Buying was witnessed in Oil&Gas, IT, Consumer Durable, Teck and PSUs.
Meanwhile, foreign portfolio investors (FPIs) and foreign institutional investors (FIIs) sold shares worth Rs 1,059.35 crore during the week, as per Sebi's record including the provisional figure of July 20, 2018.
The BSE Mid-Cap index lost 235.01 points or 1.52 per cent to settle at 15,196.46. The BSE Small-Cap index lost 474.90 points or 2.93 per cent to settle at 15,721.43. Both these indices underperformed the Sensex.
Among sectoral and industry indices, metal fell by 5.94 per cent, realty 4.15 per cent, healthcare 2.82 percent, auto 2.26 per cent, capital goods 1.71 per cent, FMCG 1.26 per cent, power 0.99 per cent, bankex 0.29 per cent and IPO 0.05 per cent, while oil and gas rose by 1.68 per cent, IT 1.30 per cent, consumer durables 1.05 per cent, teck 0.81 per cent and PSU 0.11 per cent.
Among the 31-share Sensex pack, 17 stocks fell and remaining 14 stocks rose during the week. Tata Steel was the major loser last week. The stock slumped 9.80 per cent. It was followed by Bajaj Auto 9.33 per cent, Tata Motors DVR 6.32 per cent, Kotak Bank 5.08 per cent, HUL 5.00 per cent, Tata Motors 4.07 per cent, Vedl 3.80 per cent, Bharti Artl 3.49 per cent, Power Grid 3.00 per cent and Hero Motoco 2.27 per cent.
IT major Infosys was the top Sensex gainer last week. Infosys rose 3 per cent after the company announced liberal bonus issue after market hours on Friday, 13 July 2018.
On a consolidated basis, Infosys' net profit declined 2.1 per cent to Rs 3612 crore on 5.8 per cent rise in revenues to Rs 19128 crore in Q1 June 2018 over Q4 March 2018.
The net profit included impact of Rs 270 crore on account of reduction in the fair value of assets held for sale.
It was followed by Reliance 2.90 per cent, Yes Bank 2.82 per cent, ONGC 2.10 per cent, Axis Bank 2.01 per cent, Asian Paints 1.92 per cent, NTPC 1.64 per cent, SBI 1.30 per cent and ITC 1.13 per cent.
The total turnover during the week on BSE fell to Rs 13,827.02 crs as against last weekend's level of Rs 14,724.75 crores, while NSE rose to 1,42,753.14 crores compared to Rs 1,42,423.97 crores previously.
