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Saturday, December 22, 2012

Market slips on weak global cues

The market declined marginally last week on weak global cues amid dimming hopes that US politicians will reach a debt deal before the end of the year. United States is the world's biggest economy. Gains fuelled by hopes of new government reforms also subsided as the winter session of parliament ended on Thursday, 20 December 2012. The BSE Sensex fell 75.25 points or 0.39% to 19,242 in the week ended Friday, 21 December 2012. The 50-unit S&P CNX Nifty declined 31.90 points or 0.54% to 5,847.70 in the week. The BSE Mid-Cap index fell marginally by 0.02% and the BSE Small-Cap index fell by 0.38%. Both these indices outperformed the Sensex.