The Economic Times
English EditionEnglish Editionहिन्दी
| E-Paper
Search
+

    Dalal Street this week in 6 charts

    Synopsis

    Kotak Mahindra Bank, TCS and Infosys were top gainers in the Nifty50 pack.

    Getty Images
    The biggest losers in the 30-share pack were YES Bank (down 18 per cent), SBI (6.96 per cent) and IndusInd Bank (6.72 per cent).

    INSIGHTS

    Read Stock Insights by ET for a quick analysis

    Explore Now
    The domestic equity market was volatile last week as it saw numerous events from auto sales numbers to RBI policy decision, and OPEC meet unfold. At the same time, a lack of clarity on the trade front was another major reason behind the to-and-fro market movement.

    Auto sales numbers were disappointing for another month as demand was subdued. On the other hand, market participants turned cautious after the Reserve Bank of India (RBI) slashed the GDP forecast for FY20 and kept the interest rates constant. Meanwhile, oil producing countries resolved to cut production to support crude oil prices.

    BSE barometer Sensex lost 348.66 points or 0.85 per cent to 40,445 for the week ended December 6. Banking stocks in the index saw some of the biggest movement the week, as RBI decided to keep its policy rates unchanged.

    The biggest losers in the 30-share pack were YES Bank (down 18 per cent), SBI (6.96 per cent) and (6.72 per cent). Meanwhile, gained 3.75 per cent, TCS 3.42 per cent and its peer 2.72 per cent.

    WEEKEND BUZZ (1)

    NSE Nifty index, which snapped its two-week gaining streak, settled 134.55 points down at 11,921.50. YES Bank was, that saw a Moody’s downgrade during the week, was the biggest loser on the index, shedding 18.59 per cent. Royal Enfield maker slid 8.57 per cent to Rs 20,920.05 during the week. It was followed by GAIL, which slipped to Rs 117.15, down 7.06 per cent.

    Kotak Mahindra Bank, TCS and Infosys were top gainers on this index as well, with similar gains as on BSE.

    WEEKEND BUZZ (2)

    Broader market indices too ended the week in losses largely due to deep cuts on Friday. The BSE Midcap closed 1.26 per cent down at 14,667. BSE Smallcap slipped 0.86 per cent to 13,339.4.

    WEEKEND BUZZ (3)
    WEEKEND BUZZ

    Biggest gainers from mid and small cap indices were JP Power that gained 37.07 per cent to Rs 1.58 while JP Infra added 32.14 per cent at Rs 1.85. gained 28.95 per cent to Rs 111.50 during the period.

    Among the biggest losers from these two indices were Thomas Cook (down 59.84 per cent), Adhunik Industries (48.71 per cent) and Seya Industries (down 22.54 per cent).

    2

    3


    ( Originally published on Dec 07, 2019 )
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Read before you invest. Insights on Asian Energy Services Ltd.. Explore Now
    The Economic Times