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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Equity Markets this Week: Sensex plunges 1.59% and Nifty falls 1.68%

For the second consecutive week, both S&P BSE Sensex and CNX Nifty fell due to persistent selling pressure mainly in power, banking, auto, realty and PSU. Banking stocks suffered loss due to no change in the key interest rate by the Reserve Bank of India last week.

Currently, repo rate at 7.75 per cent, but SLR was reduced by 0.50 per cent to 21.50. There was speculation about a cut in the repo rate by the RBI as macro-economic e indicators were in favour.

The global issues and Delhi elections weigh high on the stock market sentiments this week.

The Sensex lost 465.04 points (1.59 %) to settle below 29,000 level at 28,717.91 points. In two weeks, the Sensex lost 560.93 points (1.92%) .

The 50-unit CNX Nifty shed 147.85 points (1.68%) to end at 8,661.50 points this week. In last two weeks, Nifty lost 174.55 points (1.98%).

The BSE Mid-Cap index fell 247.91 points (2.31%) and Small-Cap plunged 25.92 points (2.22%) this week (Feb 2 to Feb 8).

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Stocks This Week: BSE Sensex Zooms 663 points, Nifty 229 points

A surprise rate cut by the apex bank this week provided a big push to the stock markets and sent the key indices soaring to nearly one-and-a-half months high. This week stocks gained were realty, banking, and auto.

The benchmark S&P BSE Sensex gained over 663 points to end at one-and-a-half months high of 28,121.89 points. Similarly, the wide-based CNX Nifty of the NSE crossed 8500-mark for the first time after a month and ended at 8130.80, a gain of 229 points or 2.77 per cent, over the last weekend close.

The RBI on Thursday morning lowered the benchmark repurchase rate (repo) under the liquidity adjustment facility by 25 bps to 7.75 per cent, the first reduction since May 2013, on easing inflation.

On, that day, the BSE Sensex registered its biggest single-day rally in over five years and zoomed a whopping 728.73 points or 2.66 per cent on massive across-the-board buying. Fall in the report rate may provide leeway to banks to cut their lending rates to improve liquidity in hosing and auto-sector, leading to more off-take of money by public and corporate sectors. Soon after the RBI move, clutch of banks lowered their base rates including the biggie SBI, indicated they will follow suit.

Investor wealth reclaimed that Rws100-lakh crore mark for the second time. However, it was for the frist time it remained above that level at close of trading.

During the week, investors got rich by Rs3, 11,737 crore. The BSESensex resumed the week on firm note but fell to a low of 27,203.25 points in the mid-week on drop in the brent crude prices of $45 a barrel, a six year low, amid ebbing hopes of a rate cut after retail inflation slightly rose to 5 per cent in December and Index of Industrial Production (IIP) grew 3.8 per cent in November.

Besides realty, banking and auto shares stocks from capital goods, FMCG, power, consumer durable and IT also attracted good buying interest while metal and refinery counter were at the receiving end. Metal stocks suffered the most following slowdown in Chinese economy. Meanwhile, the trade deficit narrowed to 10 month low in December 2014 on fall in importers while exporter also decline in December 2014 over December 2011.

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