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Ground slips away as weakness looms large

The current week should see oscillation and a reaction from the markets that could range from rebound to panic. It is time to be patient and wait 'n' watch

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FM Arun Jaitley and Defence Minister Nirmala Sitharaman after attending a meeting in the wake of the Pulwama terror attack. Pic/PTI

FM Arun Jaitley and Defence Minister Nirmala Sitharaman after attending a meeting in the wake of the Pulwama terror attack. Pic/PTI

Markets were weak and it can be gauged from the fact that they lost ground on all the trading days. BSESENSEX was down 737.53 points or 2.02 per cent to close at 35,808.95 points. NIFTY was down 219.20 points or 2.00 per cent to close at 10,724.40 points. The broader indices saw BSE100, BSE200 and BSE500 lose 2.33 per cent, 2.26 per cent and 2.30 per cent respectively. BSEMIDCAP lost 2.71 per cent and BSESMALLCAP was down 2.96 per cent.

The top sectoral gainer was BSEPOWER up 0.19 per cent. there were no other gainers. The top loser was BSEOIL&GAS down 4.22 per cent followed by BSEHEALTH CARE 3.93 per cent and BSEAUTO 3.59 per cent. In individual stocks, the top gainer was Yes Bank up 25.11 per cent. Zee Entertainment was 7.64 per cent and Tata Motors 6.48 per cent. The top loser Hindalco 9.18 per cent wasv followed by Mahindra and Mahindra 8.08 per cent, Hero Moto 7.84 per cent, Dr Reddy 7.76 per cent and State Bank of India 7.75 per cent.

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