This week, the Middle East crisis dominated the stock market and the market which had recorded many record levels during September also witnessed a record decline last week. All sectoral indices closed with a decline during the week. Heavy selling was also witnessed by foreign investors during the week. With the market closing for the week, the Sensex slipped below the level of 82 thousand. On the other hand, Nifty has been successful in saving the level of 25 thousand even after a sharp decline.

How was the market for the week?

This week, the BSE Sensex closed at 81688, down 3883 points or 4.53 per cent. Nifty 50, on the other hand, has fallen 1164 or 4.44 per cent during this period and the index has closed at 25014. This weekly decline of both the indices is the biggest decline in a single week since June 2022. During the week, the BSE Smallcap index closed down 2 per cent, the BSE Midcap index closed down 3.2 per cent and the Largecap index closed down 4 per cent. All sector indices closed in the red. The BSE Realty index fell 8 per cent and the Auto index fell 6 per cent. Telecom and Energy indices fell 5 per cent each. During the week, FIIs sold equities worth Rs 40,511 crore. Domestic investors bought equities worth Rs 33074 crore. Where did the gains happen and where did the losses happen? This week the number of stocks that suffered losses was quite high and the loss in the falling stocks was up to 40 percent. Stocks of Kamdhenu Ventures, Optiemus Infracom, Sterling & Wilson, Edelweiss Financial and Rites have fallen by more than 10 percent during the week. On the other hand, Hercules Hoists, Anoop Engineering, ITD Cementation, IIFL Securities and RPG Life Sciences were successful in giving more than 10 percent return to investors even amidst this decline. However, the maximum return of the rising stocks has been less than 20 percent.