Indian markets ended a six-week losing streak in the holiday-shortened week ending August 14, supported by positive cues from both the US and domestic fronts, including favorable CPI data, stable earnings, a stronger rupee, and declining oil prices. The BSE Large-cap and Mid-cap indices rose 1% each, while the Small-cap index gained 0.4%, marking the end of a three-week slide.
The Sensex climbed 739.87 points (0.92%) to close at 80,597.66, while the Nifty50 gained 268 points (1.10%) to settle at 24,631.30. Despite this recovery, Foreign Institutional Investors (FIIs) continued selling for the seventh straight week, offloading ₹10,172.64 crore worth of equities. In contrast, Domestic Institutional Investors (DIIs) extended their buying spree for the 16th week, purchasing ₹33,608.66 crore. So far in August, FIIs have sold ₹24,191.51 crore, while DIIs have bought ₹55,795.28 crore.
Among sectors, Nifty Healthcare and Pharma led with 3.5% gains, followed by Auto (2.7%) and PSU Banks (2%). FMCG and Consumer Durables saw minor declines. Analysts expect continued bullish momentum above key support levels, though a drop below could reverse sentiment. Small-cap leaders included Yatra Online, while PG Electroplast and NIBE were among the top losers.
