Friday 15 January 2016

Weekly Review: Sensex, Nifty down 2 percent

Around two per cent of the country's stock markets plunged last week. Bombay Stock Exchange (BSE) 30-share sensitive index 1.92 per cent last week with a loss of 479.29 points on Friday to close at 24455.04. Similarly, the National Stock Exchange (NSE) 50-share sensitive index Nifty fell 2.15 per cent or 163.55 points to close at 7437.80. Last week, five of the 30 Sensex stocks, Infosys (7.30 per cent), Reliance Industries (4.79 percent), Maruti (1.37 per cent), Asian Paints (0.49 per cent) and ITC (0.13 per cent) are faster. Major Sensex losers were SBI (11.58 percent), BHEL (11.19 per cent), GAIL (9.92 per cent), Axis Bank (9.71 per cent) and Adani ΓΌ Pot C & Special Economic Zone (9.69 per cent).

Last week Midcap and Smallcap indices also fell more than five percent. Midcap 5.90 percent or 648.53 points down 7.46 percent or 869.09 points to 10343.73 and Smallcap closed with a loss of 10782.88. According to official statistics released on Tuesday, January 12th, the country's consumer inflation rose 5.61 percent in December 2015, which was 5.41 percent in November. Central Statistics Office (CSO), according to data released, in December consumer inflation was 6.32 per cent in the villages, while 4.73 per cent in the cities. On Tuesday, another according to data released by the Central Statistics Office, the country's industrial PRODUCTION NOVEMBER 2015 was 3.19 per cent, 9.87 per cent, while the growth was recorded in October.

Index of Industrial Production (IIP), according to the data, the industrial production growth in April-November period was down 3.9 percent. Thursday, January 14th, according to data released by the commerce and industry ministry pulses and onion prices to remain at the top level of the December wholesale price index (WPI) based inflation was negative 0.73 percent November There was a negative 1.99 per cent. 55.64 per cent inflation during the bulk of pulses, vegetables 20.56 per cent and 25.98 per cent of the onion. Although the potato became cheaper by 34.99 per cent.

1 comment:

  1. This post is really impressive as it conveys so many useful updates about the stock market. Stock market players are always blessed by such updates. To ensure good returns try to keep yourself updated with the market and use good stock tips offered by experts.

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