Saturday, August 22, 2009

MARKET THIS WEEK

The BSE Sensex hit an intra-week high of 15,284 and low of 14,684 while, NSE Nifty hit an intra-week high of 4,578.8 and low of 4,353.
The top gainers in the Sensex were HDFC (up 5.4%), Ranbaxy Labs (up 4.9%), BHEL (up 4.6%), Maruti (up 2.9%) and HDFC Bank (up 2.7%).
The top losers in the Sensex were Cipla (down 8.2%), Tata Motors (down 7.4%),
Reliance Infra (down 6.8%), ACC (down 6.5%) and Reliance Capital (down 5.8%).
The BSE IT Index (down 0.6%): The top losers in the IT sector were Mahindra Satyam (down 4.7%), TCS (down 2.3%), Financial Tech (down 2.1%), Mphasis (down 1.9%) and Infosys (down 0.5%).
The mid-cap and the small-cap IT stocks were in demand throughout the week. The top gainers were Sasken Comm (up 8.9%), Oracle Financial (up 4.7%), HCL Tech (up 3.5%) and Wipro (up 0.3%).
The BSE Banking Index (0.0%): The top gainers in the banking sector were Yes Bank (up 9.2%),
Allahabad Bank (up 5.6%), HDFC Bank (up 2.7%), Andhra Bank (up 2.1%) and Axis Bank (up 1.4%).
The top losers were Bank of India (down 4.2%), Canara Bank (down 3.7%), Karnataka Bank (down 3.7%), Federal Bank (down 3.7%) and PNB (down 2.8%).
Inflation continued to be in the red for the tenth straight week. The annual rate of inflation stood at -1.53% for the week ended August 8, 2009 as compared to -1.74% for the previous week ended August 1, 2009, the Commerce & Industry Ministry said on Thursday. Inflation was at 12.82% during the corresponding period of the last year (week ended Aug. 9, 2009).

The Wholesale Price Index for 'All Commodities' for the week ended August 8, 2009 rose by 0.1% to 237.4 from 237.2 for the previous week.
The BSE Auto Index (down 0.6%): The top losers were Tata Motors (down 7.4%), Ashok Leyland (down 3%) and Swaraj Mazda (down 1.7%).

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