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What a rollercoaster week!

With value erosion in the bourses, confidence is yet to return to the marketplace

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Cong president Rahul Gandhi met Karnataka Chief Minister H D Kumaraswamy in Bengaluru on Saturday. Gandhi also met Hindustan Aeronautics Ltd staffers in the wake of the Rafale fighter jet deal controversy

Cong president Rahul Gandhi met Karnataka Chief Minister H D Kumaraswamy in Bengaluru on Saturday. Gandhi also met Hindustan Aeronautics Ltd staffers in the wake of the Rafale fighter jet deal controversy

It was a crazy and super volatile week at the bourses. On two days, Thursday and Friday, the BSESENSEX moved by more than 700 points on a net basis. The total daily change on five days was 2,225 points with a gain of 1,231 points on three days and a loss of 934 points on two days. The net change for the week saw BSESENSEX gain 356.59 points or 1.03% to close at 34,733.58 points. Similarly on NIFTY the gain was of 428.50 points and a loss of 272.45 points for a cumulative change of 700.95 points. NIFTY gained 156.05 points or 1.49% to close at 10,472.50 points.

The broader markets saw the BSE100, BSE200 and BSE500 gain 1.46%, 1.49% and 1.55% respectively. BSEMIDCAP gained 1.98% and BSESMALLCAP was up 2.25%. The top sectoral gain was BSEOIL&GAS up 8.53% followed by BSEBANKEX 4.23% and BSEPOWER 2.44%. The top sectoral loser was BSEIT down 7.03% followed by BSETECK 1.79% and BSEMETAL 0.45%. In individual stocks the top gainer was HPCL up 24.38% followed by Yes Bank 16.42% and Eicher Motor 11.66%. The top loser was Tata Motors down 18.08% followed by TCS 9.63% and Vedanta 8.24%. Dow Jones was under pressure and lost 1,107.06 points or 4.37% to close at 26,447.05 points. Dow on a calendar year to date basis is up 2.5%, having lost a lot of it during the week. The Indian Rupee saw recovery on Friday to gain 21 paisa or 0.29% for the week at Rs 73.56.

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