Stock Markets Weekly Wrap Up - 14th Sep 2011

Indian Stock Markets clocked the best weekly gains in six weeks, up 5%, buoyed by rally in the IT shares after Infosys reported better than expected results.

The Sensex commenced the weak on an upbeat note after Germany and France pledged to recapitalize banks and prevent the sovereign debt crisis from spreading. The index took a breather mid-week, ahead of Infosys results which kick started the earnings season. The IT bellwether surprised the street with 9.7% rise in profit for the July to September quarter, spurring the rally in IT stocks. The Sensex reclaimed 17k in style and touched a high of 17,113 on Friday and finally ended at 17,083, up 199 points. The Nifty closed at 5,132, up 54 points.

Black Monday: Indian Stock Markets tumbles on fresh fears of Greece default

The Greece government on Friday stated that it would miss the deficit target for 2011 and 2012. The Markets across the globe reacted negatively and most of the major asian markets ended in the red. Back here in India, BSE Sensex shed more than 300 points to close at 16,151.45 levels.

From the financial space, ICICI Bank plunged 4%. SBI, HDFC Bank, Axis Bank, Kotak Mahindra Bank and PNB were down 2-3%. HDFC fell 1%.

Indian Stock Markets Weekly Review: 30th Sep 2011

The Sensex gained 291.70 points or 1.80% for the week to settle at 16453.76 whereas the Nifty ended up by 75.50 points or 1.60% to close at 4943.25 levels.

The global economy is once again passing through turbulent weather in terms of the growth trajectory. Soft economic data points coming out of western economies coupled with the perplexing sovereign debt crisis in Euro zone has once again raised the odds for a double dip recession in the troubled western economies. Hence, the downgrade of US debt (July 2011) by the rating agencies was merely a catalyst for the ruthless sell off that risky asset prices have witnessed post the downgrade, further adding to the odds of a double dip.

Indian Stock Markets: Weekly Review

Both SENSEX and NIFTY witnessed seesaw movement during last week trade. It started the week on a positive note but the global equities tumbled during the second half of the week after US Federal Reserve gloomy outlook on the US economy. A sharp fall in rupee (which signaled huge outflow of money) resulted in a bloodbath on Indian equities on Thursday, as Global sell-off triggered the biggest percentage fall since August 2009.  

Indian Stock Markets Weekly Review

SENSEX and NIFTY traded choppy with high volatility during last week (16th Sep 2011) trade and has closed the week on a flat note on weekly basis.

Nifty started the week with a gap down action below 5000 levels but has managed to hold on to the 4900 support despite all the volatility. Nifty bounced back during the mid of the week and tested the short term resistance area of 5150 on Friday's trade. 

Indian Stock Markets staged smart recovery

The stock markets in India closed with handsome gains in today's session after trading with deep losses in the morning. Sensex recovered more than 300 points from the low point of the day. Positive opening of Europe provided triggers to the markets and the rally was mostly driven by interest rate sensitive sectors like realty, banking and auto.

IT also closed with significant gains and oil & gas and consumer durables, too, provided support to the indices. Capital goods and FMCG were the only two sectors that closed negative.  

Indian Markets Update: 12 Sep 2011

Disappointing IIP data and negative global cues took their toll on the markets and both SENSEX & NIFTY closed with huge losses.

All sectoral indices closed negative with IT, metal, banking, realty and consumer durables the worst among them. Other sectors that closed deeply in the red include auto, capital goods and oil & gas. FMCG was the only sector that closed with moderate losses. 

Indian Stock Markets Wrap up: 09 Sep 2011

The Indian markets closed with significant losses today and barring consumer durables, all sectoral indices closed negative.

The Sensex closed at 16841 (provisional), down 325 points from its previous close, and the Nifty closed at 5047 (provisional), down 106 points.

The CNX Midcap index was down 1.4% and the BSE Smallcap index lost 0.8%.

The market breadth was negative with advances at 490 against declines of 954 on the NSE.