Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
02 June, 2015 14:52 IST
Sensex falls 107 points last week; CD, Power, CG drag
Source: IRIS | 14 Dec, 2012, 06.25PM
Comments  |  Post Comment

Indian benchmark indices settled lower this week led by some weakness seen in global markets. However, there was some relief to hear that the government and the opposition has reached to some agreement on passing the banking bill in parliament, which was at a logjam. Better than IIP data and lower than expected WPI inflation numbers failed to impress market. 

On sectoral front, BSE consumer durables, power, capital goods and PSU stocks led the decline.

While on Friday, infrastructure, real estate and fertilizers stocks gained after the government cleared long pending reforms, which will help these sectors in the long-term.

The RBI's mid-quarter monetary policy is scheduled on 18th of this month wherein market is anticipating possible rate cuts, which can lead to market volatility in near term.

The 30-share index, Sensex declined 106.85 points, or 0.55% over previous week to 19,317.25 On the other hand, the broad based NSE Nifty too dipped 27.80 points, or 0.47%, to 5,879.6. Meanwhile, BSE Midcap and Smallcap lost 1.01% and 1.24% respectively.

The sectoral indices at the BSE ended mixed during the week. Top losers were BSE Consumer durables (4.65%), Power (3.23%), Capital goods (2.59%), PSU (1.68%), Realty (1.65%), FMCG (1.5%), Teck (1.35%), IT (0.96%) and Oil & gas (0.79%). However, BSE Auto gained 2.07% followed by Bankex (0.58%), Healthcare (0.14%) and Metal (0.01%).

India's headline inflation, based on monthly WPI, declined 7.24% in November 2012 as compared to 7.45% for the previous month. It was much below with market expectations of 7.6%.

India's industrial production grew 8.2% in October 2012  as against market expectations of 4.5% growth.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Outbound business growing faster than corporate and domestic travel: Anil Khandelwal, Cox & Kings - 02-Jun-2015 14:02
Policy reforms necessary for revival of real estate sector: Pradeep Jain - 02-Jun-2015 13:35
Future rate cuts depend on monsoon and crude price moments: R K Gupta - 02-Jun-2015 13:13
Real estate players ask banks to transmit cut in policy rates into lending rate - 02-Jun-2015 13:06
Real estate players ask banks to transmit cut in policy rates into lending rate - 02-Jun-2015 13:06
Emami inks deal to acquire Hair & Scalp Care business of 'Kesh King' - 02-Jun-2015 12:18
Bajaj Auto sales down 2% in May - 02-Jun-2015 12:02
Coal India achieves 98% of production target in May - 02-Jun-2015 11:38
BHEL secures order for setting up 4,000 MW Supercritical Thermal Power Project - 02-Jun-2015 11:36
Reliance Industries sells 49.9 % stake in US joint venture for USD 1.07 bn - 02-Jun-2015 10:44
Godrej Properties adds a new residential project in Bengaluru - 02-Jun-2015 09:24
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer