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Rough times a-rolling

A volatile week is a pointer to the immediate future

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Congress workers raise slogans against FM Arun Jaitley  over his alleged collusion with liquor baron Vijay Mallya before his departure to London, in Bhopal. Pic/PTI

Congress workers raise slogans against FM Arun Jaitley over his alleged collusion with liquor baron Vijay Mallya before his departure to London, in Bhopal. Pic/PTI

Markets continued their wild and volatile manner in the past week. The BSESENSEX lost 467 points on Monday and 509 points on Tuesday before recovering 304 points on Wednesday and 383 points on Friday. The week ended with BSESENSEX losing 299.18 points or 0.79 per cent to close at 38,090.64 points. NIFTY lost 73.90 points or 0.64 per cent to close at 11,515.20 points. The direction the market took on Monday was how it ended. The broader markets saw the BSE100, BSE200 and BSE500 lose 0.76 per cent, 0.79 per cent and 0.84 per cent respectively. BSEMIDCAP was down 0.95 per cent while BSESMALLCAP was down 1.36 per cent.

Tops and flops
The top sectoral gainer was BSEPOWER up 0.47 per cent followed by BSEMETAL 0.32 per cent and BSECAPGOOD 0.07 per cent. The top sectoral loser was BSEAUTO down 1.89 per cent followed by BSEBANKEX 1.27 per cent and BSEFMCG 0.98 per cent. In individual stocks the top gainer was NTPC up 3.17 per cent followed by Eicher Motors 2.43 per cent and Power Grid 2.17 per cent. The top loser was Bank of Baroda down 9.88 per cent followed by Hero Moto 4.39 per cent and Tata Motors 4.15 per cent. The Indian Rupee was under pressure and made an intra-week low of Rs 72.92 before recovering sharply to close at Rs 71.85, a loss of 12 paisa or 0.17 per cent. Dow Jones had a decent showing and gained 238.13 points or 0.91 per cent to close at 26,154.67 points.

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