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Mar 15, 2015

This Week BSE Sensex falls 3.21%, Nifty loses 2.55 %

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This Week BSE Sensex falls 3.21%, Nifty loses 2.55 %
This week (Mar 9 to Mar 15, 2015), Indian stock markets tumbled due to weak global cues. BSE Sensex was down by 3.21 per cent shedding 946 points while NSE Nifty lost 2.55 per cent diving 290 points this week. Nifty even ended below the psychological mark of 8,700 points.

Earlier-than-expected Interest rate rise by US Fed created panic in the stock market dampening sentiments this week. The rising retail inflation triggered panic among investors that Reserve Bank of India would hold rates in its next credit policy review.

The S&P BSE Sensex resumed lower and remained in negative terrain throughout the week. The Sensex was staged between a wide range over 870 points, before concluding the week at 2,8503.30, revealing a sharp fall of 945.65 points or 3.21 per cent, the biggest weekly fall in 2015. In the second week of December 2014 the Sensex plummeted by 1,107.42 points or 3.89 per cent. In last four weeks, it has increased by 731.04 points or 2.55 per cent.

The 50-issue CNX Nifty of National Stock Exchange (NSE) was also tumbled by 290 points, or 3.24 per cent, to end the week at two-month low of 8,647.75. Nifty moved between a high of 8,891.30 points and low of 8,631.75 points.

Investors seem bit cautious for the next week as the global market cue is not in favor of investments. The move by US Fed and Indian RBI could be the biggest could be the factors to determine the sentiments of the stock markets next week.


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