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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BSE Sensex gains 87 pts and Nifty 36 pts This Week

The Benchmark Indices – BSE Sensex and NSE Nifty – retreated from their record highs struck after the Reserve Bank of India (RBI) cut key interest rates, as the initial excitement proved to be short-lived on the back of historic profit-taking, though crawled back to end modestly higher during the holiday shortened week.

A steady stream of buying excitement following the growth-oriented Budget proposals helped the stock markets to maintain its strong rallying momentum initially with investors’ sentiment surpassing Dallal street expectations. Robust foreign institutional investors’ appetite for Indian stock along with positive economic momentum and expectations that the much awaited insurance and coal mines bill will get the Lok Sabah nod also supported general mood.

The unabated buying frenzy charged up further the RBI eased policy rates by 25 basis points to 7.5 per cent on Wednesday. Its second inter-meeting cut this year on the back of easing inflation. The move witnessed benchmark indices scaling new highs. It was a memorable moment for the Indian stock markets as both BSE Sensex and NSE Nifty 30,000 and 9,100 milestone respectively with massive wave of buying spree. But the enthusiasm has proved short lived.

The two major events this week – the Union Budget 2015-16 and rate cut by RBI helped stock markets to cherish but the momentum could not last till the weekend. On Friday, the stock markets were closed on account of Holi festival.

Sun Pharmaceutical emerged as the best Sensex performer this week.

The BSE Sensex opened firmly higher 29,533.42 points and fluctuated between a higher of 30,024.747 points and a low of 29,162.47 points before finishing at 29,448.95 points, posting a gain of 87.45 points or 0.30 per cent.

NSE Nifty also overpowered a new peak of 9,119.20 points and a fresh low of 8,849.35 points before rebounding to finish at 8,937.75 points, showing a rise of 35.90 points or 0.40 per cent this week.

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