The markets ended on a negative note this week on monsoon worries and mixed cues from the global markets.
The BSE Sensex declined 3.26% this week erasing its earlier gains when it touched its 13-month high. The Sensex plunged 510 points to 15,160 this week. The Nifty slipped 155 points, or 3.34% to 4,481.
The Asian markets were down owing to liquidity worries that Chinese banks will cut back on lending. The Hang Seng plunged 523 points to settle at 20,375. The Shanghai Composite tumbled 2.5% to 3,260, from its week ago close. The Nikkei, however, extended its earlier gains and closed at its 10-month high on better earning reports.
On Friday, the Dow and the S&P 500 ended at closing highs for 2009. Earlier this week, on Tuesday, the Nasdaq surged above the 2,000 mark to end at 2,011.31 - its 2009 closing high.The rally was being witnessed on the back of positive US manufacturing and employment data this week that pushed all three major stock indices to multi-month high.
The FMCG index plunged the most this week with a slide of 6.71% or 183 points to 2,554. Hindustan Unilever decreased 3.5% to Rs 269. ITC shed 1.5% to Rs 230.The two scrips hit its 52-week high previous week, on the back of better corporate earnings.
The Auto index tumbled 4.5% this week, after touching its calender-year high on Tuesday buoyed by first quarter results. Mahindra & Mahindra and Maruti Suzuki slipped 5.5% each. Maruti Suzuki closed at 1,291, after climbing to its life-time high on Tuesday this week.
The Realty index declined nearly 6% as compared to previous week. Jaiprakash Associates plunged 5.5% to Rs 218. DLF shed 3% to Rs 368. Larsen & Toubro and ACC were down 1.5% each.
Other losers in the Sensex-30 stocks were - Tata Power (4.78%), BHEL (4.11%), Bharti Airtel (3.88%), ICICI Bank (3.62%), SBI (3.08%), Sterlite (2.96%) and Reliance (2.48%), Hindalco (2.27%), TCS (1.82%), HDFC (1.34%), ONGC (1.28%).
NTPC, Tata Steel and Wipro gained marginally amongst the 30 frontliners in the BSE.
The average market breadth for the week was negative - out of 2,593 stocks traded, 1,382 declined, while 1,331 advanced.
The Foreign Institutional Investors (FIIs) were net seller of stocks worth Rs 10.80 crore in the week under review. Mutual Funds' average net sell for this week was Rs 5.15 crore.
VALUE & VOLUME TOPPERS
Reliance topped the average combined turnover chart on both the BSE and the NSE, with total value of Rs 5,018.35 crore. It was followed by ICICI Bank (Rs 4,075.99 crore), Tata Steel (Rs 3,954.18 crore), Unitech (Rs 3,802.78 crore) and Aban Offshore (Rs 3,301.13 crore).
Unitech led the average combined volume chart with total trades of 411.90 million shares, followed by Ispat Industries (383.07 million), Suzlon (306.98 million), Mahindra Satyam (268.07 million) and First Source (220.67 million).