New Delhi

Markets had a roller coaster week and the wait to surmount Mount 20K on NIFTY has become that much distant and also tougher. The falling short on July 20 by 8.85 points is now 354 points away and it would need a superhuman effort to do it in a week. Markets gained on one day, lost on three and were flat on the fifth day.

At the end of the week, BSESENSEX lost 524.06 points or 0.79 per cent to close at 66,160.20 points while NIFTY lost 98.95 points or 0.50 per cent to close at 19,646.05 points. The broader markets saw BSE100, BSE200 and BSE500 lose 0.15 per cent, gain 0.14 per cent and 0.29 per cent respectively. BSEMIDCAP was up 2.07 per cent while BSESMALLCAP was up 1.18 per cent.

Very clearly the momentum in small cap and midcap has come back after taking a brief hiatus. It would be interesting to note that the outperformance of the midcap and Smallcap is by miles and this has made the retail investor indeed very happy. More details of the same are given in the article below.

The Indian Rupee lost 31 paisa or 0.38 per cent to close at Rs 82.25 to the US Dollar. Dow Jones gained on four of the five trading sessions and lost on one. It was up 231.60 points or 0.66 per cent to close at 35,459.29 points. The US FED has raised interest rates yet again by 25 basis points to a band of 5.25 per cent – 5.50 per cent on expected lines.