Post Market Review - Aug 27 2010

It was a disappointing end to the week as markets collapsed in the latter half of the trading session to close deep in the red. Sensex lost 228 points to close at 17998 while Nifty finished at 5408, down 69 points. BSE Mid-cap and Small-cap indices lost 1% and 1.3% respectively. On weekly basis, Sensex and Nifty broke the 3-week winning streak by losing 2.2% each this week. BSE Realty index plunged 8.5% over the week, becoming the top loser among the sectoral indices, followed by Metal index, down 3.3%. Consumer Durable index was the sole gainer, up 1.4%. European markets, after initial dip, recovered sharply and were trading modestly higher. US stock indices futures were up about a third of a percent ahead of 2nd quarter GDP data.




Barring Oil & Gas index that gained 0.4%, all other sectoral indices finished in the red in today’s trade. Realty index and Bankex were the top losers, down 2.7% and 2.1%. GAIL and ONGC were the top gainers among the Nifty stocks, putting on 3.5% and 2% respectively while DLF and Hero Honda los the most, shedding 3.6% and 3.5% respectively. BSE advance-decline ratio stood at 1:2.3.