Market This Week: Sensex down 0.88, Nifty down 0.74

Markets this week : This week (Feb 17 to Feb 23) was dull, no big profit for the investors major stocks clocked down and there were no big global cues to boost the market.

This week, the Nifty was down 0.74 percent, BSE Sensex was down by 0.88 per cent, the Midcap was down by 0.3 per cent.

But the Smallcap went up by 0.5 per cent this week.

In the BSE 500 index, the gainer was Kingfisher which gained around 23 per cent in the week, while the Jet Airways was the loser.

This week’s Nifty gainers were DLF(13.2%), ACC (3.4%), Wipro(4.4%) and Ambuja ( 3.2%)

And Nifty losers of the week were JPC (7.1%), Coal India (4%) and Tata Motors (3.8%),.

In the sectoral indices, the FMCG, Bankex were seen dull in the week.

On Friday, the BSE Sensex was down by 0.04%, closed at 19,317 points. Nifty was closed at 5,850.30 points, down by 1.95 (0.03%) , due to heavy selling at both the markets.

The markets were flat since the beginning, there were bit up after lunch session.

Next week there could more active movement in the stock market as the government will present its union budget for 2013-14 on Feb 28.

Budget updates:

People having income of 20 lakh rupees or more may need to pay more income tax as the government may levy 2 to 5 per cent of surcharge on the income tax, according to media reports. The surcharge on superlative group was scrapped in 2009-10 union budgets.