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
06 October, 2015 02:35 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
Security Code type    into this box
Related Articles
Sun Pharma settles Absorica patent litigation - 05-Oct-2015 18:53
Gujrat NRE Coke to sell wind biz for Rs 2.19 bn - 05-Oct-2015 18:14
Alok Ind receives additional funding of USD 50 mn under EPBG - 05-Oct-2015 17:40
Alstom bags Rs 11 bn order for Lucknow metro project - 05-Oct-2015 17:18
Canara Bank cuts base rate by 25 bps to 9.65% - 05-Oct-2015 17:11
TechM to develop aircraft ground support system for Bombardier - 05-Oct-2015 16:27
Indusind Bank inaugurates new branch at Jamshedpur - 05-Oct-2015 16:11
Cox & Kings owned Meininger to open new hotel in Budapest - 05-Oct-2015 15:52
Jet Airways cuts fares rate by upto 30% on international flights - 05-Oct-2015 15:42
Corporation Bank reduces base rate to 9.70% - 05-Oct-2015 13:40
NMDC's iron ore sales drop 17% in September - 05-Oct-2015 13:25
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