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Mar 29, 2015

This Week BSE Sensex falls 2.84% and Nifty @2.68%

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This Week BSE Sensex falls 2.84% and Nifty @2.68%

This week (Mar 23 to 29, 2015) BSE Sensex lost 2.84 per cent, or 802.44 points and Nifty lost 2.68 per cent, or 229.50 points. Experts do believe that next week would be choppy following two holidays and speculation over weak global cues.

The benchmark S&P BSE 30-share barometer – BSE Sensex - initially touched a high of 28,455.32, but nuervous selling by operator and retail investors throughout the week on lack of any major trigger from overseas markets amid Middle-East worries pulled it down to a low of 27,248.45 before ending the week at 27,458.64, showing a steep fall of 802.44 points or 2.84 per cent.

In straight three weeks, BSE Sensex crashed by 1,990.31 points or 6.76 per cent. The broad-based 50-issue CNX Nifty of the NSE also closed a massive 229.50 points, or 2.68 percent , down to ten-week low of 8,341.40. Selling was so strong that all 12 sector indices suffered huge loss, closed in red. The BSE-Midcap also dropped by 2.50 per cent. Next week, the market may see choppy trade due to shortened week. The stock markets would remain closed on April 2 and 3, 2015 on account of Mahavir Jayanti and Good Friday.


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