Over Rs 19,500 crore have been pulled out from capital market this month so far by the foreign investors amid policy rate hike by the US Federal Reserve and increases oil prices.
The Nifty 50 index during the week fell 122.30 points, or 1.48 percent, to finish at 8,139.45 after shuttling between 8,230.65 and 8,121.95.
In 2016 more than twelve companies have raised over Rs 26,000 crore through IPOs in 2016. The mop-up is more than previous year and makes it the best one for public offers since 2010.
India is "very well cushioned" to absorb the impact of the US Federal rate hike and the currency market will stabilise after witnessing the initial ripples, the Finance Ministry said Thursday.
Reacting to US Federal Reserve rate hike on Wednesday, Sensex and Nifty opened on highly lower note on Thursday.
The rupee on Wednesday staged a smart comeback after two straight days of losses and ended 11 paise higher at 67.43 against the US dollar on positive sentiment triggered by lower inflation and fresh selling of the American currency by exporters.
The Sensex opened higher at 26,707.91 and hovered in a range of 26,736.34 and 26,547.05 before ending at 26,682.45, down 94.98 points, or 0.36 percent.
The rupee weakened further Tuesday and closed 12 paise lower at 67.54 against the US dollar on steady demand for the greenback from importers and corporates.
At the close, Nifty retook the key 8,200-mark, driven by gains in RIL and ONGC stocks.
The Sensex showed its unpredictable side again as it reversed two days of gains and dived about 232 points to close at 26,515 on Monday, pulled down by dismal factory output data and higher oil prices amid mixed Asian indicators.
Axis Bank on Monday strongly denied a report in the regional daily that authorities are likely to scrap its licence in the wake of its involvement in a multi-crore black-money scam.
The benchmark BSE Sensex fell by over 143 points in early trade today afer two days of gains as investors indulged in cutting down bets on disappointing macroeconomic data and mixed trend in Asian markets.
The global hysteria over a likely interest rate hike in the US, macro-economic inflation data and the political logjam in Parliament after demonetisation are expected to set the tone of the Indian equity markets during the upcoming week.
Heightened chances of a US rate hike, along with a slower pace of reforms and soon to be released domestic macro-economic inflation data, are expected to keep the Indian rupee under pressure during the upcoming week.
Indian equity markets rallied during the past week ended Friday on positive global clues, strength in rupee and fresh inflows of foreign funds.
Breaking a three-day spectacular upmove, the rupee retreated modestly from a near one-month high to end at 67.42 against the US dollar as sentiment turned bearish ahead of Fed rate decision.
On a weekly basis, both key indices -- the Sensex and the Nifty -- recorded their best gains since September 2 by rising 516.52 points, or 1.96 percent, and 174.95 points, or 2.16 percent, respectively.
The benchmark BSE Sensex advanced nearly 109 points at the start of trading today after buying by investors and foreign funds gathered momentum amid strong global cues.
Stretching its resurgent trend for the third straight day, the rupee on Thursday ended at a near one- month high of 67.36, rising 27 paise against the US currency due to continuous dollar selling from exporters and banks.