Markets This Week – Sensex loses 1.51% and Nifty down 1.99%

Profit booking coupled with lower than expected corporate earnings pulled down the Indian stock Markets. International events like war in Yemen and mounting concerns regarding Greece debt also dented market sentiments this week.

This Week ended on 19 April, the BSE 30-Share barometer resumed higher at 28,955.13 points from the weekend’s close of 28,879.39 points and moved in a range of 29,094.61 points and 28,403.76 points before ending at 28,442.10 points, logging a loss of 437.28 points or 1.51 percent. In the previous week, it had shot up by 1,402.74 points or 5.17 per cent.

The NSE Nifty also moved widely between a high of 8,844.80 points and low of 8,596.70 points before settling the week at 8,606 points, exhibiting steep loss of 173.35 points or 1.99 per cent.

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This Week BSE Sensex falls 0.85% and Nifty 0.89%

Indian stock markets fell for the second consecutive week in a volatile trade this week (Mar 16 to22). BSE Sensex ended below 29,000 and CNX Nifty slumped below 8,600 level. The S&P BSE Sensex reumed modestly higher at 28,546.31 points and moved between 28,209.66 before ending the week at 28,261.08 points, showing a fall of 242.22 points or 0.85 per cent. The Sensex tumbled by 1,187.87 points or 4.03 per cent in two weeks.

The 50-issue Nifty also traded between a high of 8,788.20 points and low of 8,553 before closing at 8,570.90 this week revealing a fall of 76.58 points or 0.89 per cent.

Meanwhile, Foreign Portfolio Investors (FPIs) continued to invest in equity shares as they bought net Rs1,016.16 crore during the week, including provisional figure of March 20 as per SEBI data.

This week, at BSE Sensex 12 out of 30 scrips earned good profit, while 18 suffered loss. And, BSE and Nifty fell to 18,436.47 crores and 92,839.963 crores respectively this week.

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