Stocks: BSE benchmark Sensex rebounded from last week's sharp tumble, ending the current week with modest gains by 195.18 points at 28,061.14, while broader Nifty garnered 86.45 points to finish at 8,697.60.
The surprise 0.25 per cent rate cut by the new RBI Governor Urjit Patel in its first monetary policy review somewhat sidelined the escalating domestic geo-political tensions due to last week's surgical strike by Indian Army, while global bounce-back following easing worries about future of German giant Deutsche Bank as well as firming oil price gave fresh flip to the market sentiment.
The RBI cut its policy rate by 0.25 per cent to 6.25 per cent, a 6-year low.
IMF growth upgrade, positive manufacturing PMI for straight ninth month quoting 52.1 in September also lifted Indian stocks.
However the mood tapered from mid-week on ECB's stimulus concerns amid shaky European markets over Brexit divorce and above all the fresh hawkish comments from top US Fed officials on rate hike before this year-end on strong economic data triggered volatility and profit-booking at the domestic bourses.
The S&P BSE benchmark Sensex resumed higher at 27,997.29 and hovered between 28,477.65 and 27,919.89 before ending the week at 28,061.14, revealing a gain of 195.18 points or 0.70 per cent.
The NSE Nifty also gained by 86.45 points or 1.00 per cent to end the week at 8,697.60.
Buying was led by oil and gas, metal, realty, PSUs, auto, consumer durables, capital goods, power, FMCG, bankex and healthcare sectors well supported by second line shares of mid-cap and smallcap counters.
However, IT and Tech counters witnessed profit-booking.
Meanwhile, foreign funds bought shares worth a net of
Rs 1,694.95 crore during the week as per Sebi's record including the provisional figure of October 7.
Among the S&P, BSE sector and industry indices, oil and gas rose by 6.18 per cent, metal 5.07 per cent, realty 4.05 per cent, auto 2.78 per cent, consumer durable 1.94 per cent and capital goods 1.77 per cent.
However, IT fell by 1.43 per cent and tech 0.58 per cent.
Small-cap and mid-cap indices rose by 3.46 per cent and 2.86 per cent, respectively on good buying from retail investors.
In the 30-share Sensex pack, 20 stocks rose, while remaining 10 declined during the week.
Major gainers were Gail India (10.73 per cent), Tata Steel (8.55 per cent), Tata Motors (5.79 per cent), Adani ports (4.01 per cent), ONGC (4.29 per cent), Maruti (3.71 per cent), SBI (3.01 per cent), Reliance Ind (2.57 per cent), Asian Paints (2.02 per cent), Bajaj Auto (1.88 per cent) , Bharti Airtel (1.77 per cent), Larsen (1.62 per cent), Hero Motoco (1.58 per cent) and HUL (1.22 per cent),
The total turnover during the week on the BSE rose to Rs 19,026.44 crore from the last weekend's level of Rs 18,280.84 crore while NSE fell to Rs 1,05,549.39 crore from 1,27,819.04 crore.
Bullion: Both the precious metals, gold and silver,
tumbled at the bullion market during the week in view of heavy offerings from stockists due to sharp fall in global markets.
Gold prices dropped to four-month low by more than 4 per cent and silver by more than 8 per cent.
In the global market, traders looked to the latest monthly US employment data for clues on the likelihood of a US interest-rate increase before the end of the year.
Better-than-expected reading on the US services sector helped dull the metal's investment appeal.
Standard gold (99.5 purity) resumed lower at Rs 30,965 per ten grams and dropped further to Rs 29,770 before ending the week at Rs 29,845, showing a loss of Rs 1,355 or 4.34 per cent per ten grams.
Pure gold (99.9 purity) also opened lower at Rs 31,115 and dropped further to Rs 29,920 before ending at Rs 29,995, disclosing a loss of Rs 1,355 or 4.32 per cent per ten grams.
Silver ready (.999 fineness) also resumed lower at Rs 45,765 and dropped further to Rs 42,140 before finishing at 42,385, resulting a loss of 3,930 or 8.49 per cent per kilogram.
In the global market, gold futures on Friday stretched their losing streak to a sixth straight session and posted a roughly 5 per cent loss for the week - the largest such loss in about three years.
Gold for December settled at USD 1,251.90 an ounce. Prices held ground at their lowest level since early June.
Traders decided that the figures don't rule out a rate hike before year's end.
December silver ended at USD 17.38 an ounce on Friday, ending about 9.6 per cent lower for the week.
Oils and Oilseeds: Groundnut oil rebounded, refined
palmolein and castorseeds dropped further, while linseedoil ruled stable at the Vashi oils and oilseeds wholesale market during the week under review.
Groundnutoil recovered well due to fresh demand from stockists and retailers amid ensuing festivity.
While, refined palmolein weakened further on stockists selling amid poor buying support.
Castorseeds bold and castoroil commercial declined further due to sustained stockists selling as well as subdued offtake from soap and shippers industries.
Linseed oil held stable in the absence of any major buying activity from paint and allied industries.
In the edible segment, Groundnut oil prices opened higher at Rs 1,240 and climbed to settle at Rs 1,290 from preceeding weekend level of Rs 1,200, showing a good gain of Rs 90 per 10 kg.
Refined palmolein resumed steady at Rs 590 and declined further to conclude at Rs 574, showing a loss of Rs 16 per 10 kg.
Castorseed bold commenced stable at Rs 3,775 and dropped further at the end of Rs 3,750 per 10 kg as compared to previous weekend's level of Rs 3,775, showing a fall of Rs 25 per 100 kg.
Castoroil commercial also opened steady at Rs 785 and moved down to finished at Rs 780 per 10 kg as against last weekend's level of Rs 785, showing a loss of Rs 5 per 10 kg.
Linseed oil opened and closed stable at its previous weekend level of Rs 1,050 per 10 kg.
Forex: The rupee broke its two-week winning streak
against the American currency and ended modestly lower in an extremely volatile forex trading due to looming fears over an impending rate hike by the US Federal Reserve.
It finally settled with a mere seven paise loss at 66.68 against the greenback after briefly climbing a one-month high.
The surprise rate cut by Reserve Bank of India on Tuesday also failed to prevent a weak closing of the home currency.
The ongoing tension between India and Pakistan in the aftermath of the surgical strikes last week largely weighed on trade despite a massive pullback rally in domestic equities.
"Robust capital inflows alongside a smart rebound in local equities somewhat cushioned the rupee sentiment," a forex dealer said.
Moreover, market sentiment remained cautious after a series of stronger US macro data flows raised the probability of a US Federal Reserve rate hike this year, he added.
In the first monetary policy review under RBI Governor Urjit Patel, the repo rate was slashed by 0.25 per cent to 6.25 per cent in a unanimous decision by the new rate-setting panel, or MPC.
The domestic unit resumed higher at 66.54 as against last Friday's closing value of 66.61 at the Inter-bank Foreign Exchange (Forex) market and shot-up further to hit a one-month high of 66.38 following heavy dollar unwinding by exporters and banks reacting to a widely expected RBI rate cut.
However, the rally was very short-lived on the back of dollar influence and later fell sharply to a low of 66.87 before recovering most of the lost ground on likely RBI intervention to settle at 66.68, showing a small loss of seven paise, or 0.11 per cent.
The rupee had appreciated by a whopping 36 paise in the past two-weeks.
FIIs remained net purchasers for the third straight week and infused a net amount of USD 244.63 million as per Sebi's record.
In the meantime, country's foreign exchange reserves scaled a new high of USD 371.99 billion, up USD 1.223 billion for the week ending September 30.
In the forward market, premium for dollars remained under immense pressure on sustained receiving by exporters.
The benchmark six-month forward dollar premium payable in March 2017 slumped to 171-172 paise from 188-190 paise and far-forward contracts maturing in September also fell sharply to 348.5-349.5 paise as compared to 369-371 paise last weekend.
RBI fixed the reference rate for the USD at Rs 66.7875 and euro at Rs 74.2744 as against preceding week's level of Rs 66.6596 and Rs 74.7521, respectively.
In cross-currency trades, the rupee staged a strong rebound against the pound sterling and ended at 82.23 from 86.41 earlier.
It strengthened further against the euro to settle at 74.27 as compared with 74.40 and also firmed up against the Japanese currency to finish at 64.36 from 65.83 per 100 yen.
In worldwide trade, the US dollar ended the week on a buoyant note against all major trading counterparts on expectations the Federal Reserve to raise US interest rates this year despite lower-than-expected US jobs data.
Meanwhile, the British pound suffered a major setback after what traders called a "flash crash" knocked the currency to a 31-year low.
The US dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, ended the week at 96.52.
Crude prices settled below the key psychological USD 50 a barrel mark. Hopes of an output deal, have supported prices over the last sessions, with the commodity reaching a 4-month high of USD 51.09 earlier on Friday.
