It has been a damaging past week

The opening and closing days of last week, were days with big losses and ensured that the week was a bloody and damaging week for the bourses. The damage at the end of five days was 722.11 points or 4.45 per cent on the BSE SENSEX, which closed at a new two-year low of 15,491.35 points. In the process, it also made a new low of the year at 15,425.20 points. The NSE NIFTY lost 215.10 points or 4.42 per cent to close at 4,651.60 points.u00a0

The new low on the NIFTY was 4,628.20 points. With this fall, the entire gains and more have been erased in two weeks. Against a gain of 1151 points on the SENSEX, the loss in two weeks on a closing basis is 1355 points.u00a0

u00a0The broader markets like the BSE100, BSE200 and BSE500 lost 4.56 per cent, 4.69 per cent and 4.81 per cent while the BSE MIDCAP and BSE SMALLCAP lost more at 6.11 per cent and 6.03 per cent. The big sectoral losers were BSE CAPITAL down 10.30 per cent, BSE REALTY down 8.22 per cent, BSE BANKEX 7.25 per cent and BSE METAL down 7.08 per cent. The ones, which held themselves, were BSE FMCG which lost a mere 0.70 per cent and BSE IT with losses of just 0.37 per cent.