This Week BSE Sensex falls 1.55%; Nifty loses 1.49%

This week the market would be in more volatile and bearish keeping the view of business done in the last week. In the week ended on May 2, 2015, the stock markets in India disappointed investors and the major concern was the government move on retrospective taxation on capital gain by foreign funds.

This week,  BSE Sensex lost 1.55 percent and Nifty shed 1.49 percent. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened slightly higher for the week at 27,565.49 points against previous close at 27,437.49 points. But it ended 426.63 points lower at 27,011.31 points with loss of 1.55 per cent.

In the mid-week on Thursday, the Sensex dived to three months low at 26,908.82 points. In the beginning of the week on Monday, the index lost 0.95 per cent or 260.95 points. The market was bearish throughout the week. On Wednesday and Thursday, the BSE Sensex fell 0.62 per cent and 0.79 per cent respectively.

At the National Stock Exchange (NSE), the broader 50-scrip Nifty closed at 8,181.50 points with a loss of 123.75 points or 1.49 percent. The major reason for the fall in the stock markers was worry over the government’s stand on retrospective taxation on capital gain made by foreign funds.

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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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