Quick Review

     Daunting global set-up yet again jolted Indian equity markets, which for third consecutive session settled lower with cut of over one percent that dragged both Sensex and Nifty below the psychologically crucial 25,400 and 7,600 levels respectively. In the extremely murky session of trade, benchmarks for once did not attempt recovery and listlessly kept losing ground to end down in dumps. Absence of any positive trigger, losses of market heavyweight, State Bank of India (SBI), combined with geo-political concerns over Ukraine, which weighed on risk-appetite of investors, mainly led to yet another downbeat session for Dalal Street, which for the week suffered losses of around half a percent. Besides, cautiousness ahead of data heavy week which also kept market-participants on tenterhooks, contributed to losses of both frontline and broader indices. Meanwhile, broader indices nursing heavier losses, settled with sharper cuts of over 2%. For the week, while BSE midcap index lost 0.60%, CNX Midcap plunged by 1.1%
     The BSE Sensex declined 259.87 points or 1.02% to settle at 25329.14. The index touched a high and a low of 25406.87 and 25232.82 respectively. 7 stocks  gained against 23 declines on the index. (Provisional) 

     The BSE Mid cap and Small cap indices too ended in the red, the BSE Midcap was down by 2.06%, while the BSE Small cap index was lower by 2.14%. (Provisional)  

     On the BSE sectoral front, FMCG up by 0.09% and Healthcare up by 0.05% were the only gainers in the space, while Realty down 3.86%, Metal down 3.15%, Power was down 2.92%, Capital Goods down 2.50% and PSU down by 2.24% were the top losers on the sectoral space. (Provisional)

     The top gainers on the Sensex were Bharti Airtel up by 2.09%, Dr Reddys up by 0.84%, ITC up by 0.65%, Cipla up by 0.26% and TCS was up by 0.23%. On the flip side, SSLT down by 5.71%, Tata Power down by 3.79%, BHEL down by 3.74%, Tata Steel down by 3.22% and Gail India down by 2.85% were the major losers. (Provisional)

     India VIX, a gauge for markets short term expectation of volatility rose 2.17% at 14.44 from its previous close of 14.13 on Thursday. (Provisional)

     The CNX Nifty ended lower by 80.70 points or 1.06% to settle at 7,568.55. The index touched high and low of 7,592.45 and 7,540.10 respectively. 9 stocks ended in the green against 41 stocks ending in red. (Provisional)

     The major gainers of the Nifty were Bharti Airtel up by 2.52%, Dr Reddys up by 0.90%, ITC up by 0.85%, HCL Tech up by 0.80% and Hero MotoCorp was up by 0.70%. On the flip side, the key losers were SSLT down by 5.78%, BHEL down by 4.64%, DLF down by 4.31%, Tata Power down by 3.37% and Tata Steel down by 3.22%. (Provisional)