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Chitika

Friday 25 November 2011

Sensex Down Over 4% During Week

India's main index ended the day with losses, continued their losing streak for the fourth consecutive week on the back of selling pressure from foreign funds and weak global cues. In the intra-day trading session witnessed much volatility of markets and the close was the 30-Share of BSE SENSEX fell by 163.06 points or 1.03% at 15,695.43. The broader S & P CNX Nifty of National Stock Exchange (NSE) closed the day at 4,710.10 witnessed a fall of 46.40 points or 0.98%. The key benchmark index has lost over 4% during the week, mainly due to sales of foreign assets and rupee depreciation.

The SENSEX, which moved between 15,891.05 and 15,645.78, closed 163.06 points down at 15,695.43.

The broad-based National Stock Exchange index Nifty also fell 46.40 points to 4,710.05, after touching the day low of 4,693.10.



IT sector majors Infosys and TCS were among the big losers. Reliance Industries, with the heaviest weight in the SENSEX stocks fell on increased sales from foundations.

The gauge had touched the 2-year low this week on heavy foreign capital out of fear of a deepening euro zone debt crisis and slowing global economy. The European and Asian equities remained weak and breathed sell.

Dog got pantaloons Retail, Shopper Stop and Trent as the government approved 51% FDI in multi-brand retail and removed the limit for single-Brand Retail.

The realty sector also softened the declining market for stocks of DLF, Phoenix Mills, DB Realty, Oberoi Realty, Sobha Developers and Peninsula Land rose.

Capital goods sector was the most by adding 2.64% to 9,533.52 engineering major Bharat Heavy Electricals rose 3.45% on reports of the shares upgrading. Larsen and Toubro shot up 3.40%.

30 SENSEX shares fell 22 while eight ended with gains.

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