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For the week ended June 19, 2009, The BSE's banking sector index, Bankex surged by 72.42 points to close at 8111.04 points over the previous week’s close of, 8038.62 points. Total Mkt. Cap for Bankex was 4,729,545.91 (Rs in crores).
Banking stocks like PNB, Axis Bank, HDFC Bank, ICICI Bank and SBI moved up 1-3.4%. Union Bank of India gained 2.06% on reports about its foray into the mutual fund business by December. Yes Bank rallied 4.18% on reports that it eyes at least 40% loan growth in the current financial year and would recruit least 500 managerial staff between now and September to drive expansion in six key segments.
As on 19th June 2009, the 30-share sensitive index ( Sensex) of the Bombay Stock Exchange (BSE) fell after rising for 14 consecutive weeks, losing 4.7 percent or 716.05 points over the previous week's close and ended trade at 14,521.89. The broader S&P CNX Nifty of the National Stock Exchange (NSE) aped the Sensex, declining 5.9 percent from its last close to end at 4,448.95 points. Broader market indices also fell, with the BSE's midcap index closing 5.28 percent lower than its previous weekly close, while the BSE smallcap index was down 6.6 percent. Firm cues from the US and the Asian markets lifted the markets at open. Markets from there on turned highly volatile and slipped sharply.
For the week ended May 22, 2009, The BSE's banking sector index, Bankex surged 22.77% to close at 7827.56 points over the previous week’s close of, 6,375.65points. Total Mkt. Cap for Bankex was 4558763.18 (Rs in crores). Private-sector lender ICICI Bank gained 4.5 per cent to 702.80 rupees. State Bank Of India gained 31.96% over the week.
As on 22nd May, 2009, The 30 share index, Sensex surged 1,713.73 points, or 14.08%, to 13,887.15. On the other hand, the broad based NSE Nifty surged 566.85 points, or 15.44%, to 4,238.50 in the same period. Mid-cap stocks jumped 948.61 points, or 24.92%, to 4,755.68 in the week. While small-cap shares surged 1,233.56 points, or 28.82%, to 5,513.16 during the week. The BSE Sensex rose for the week to 14.1 per cent, its most in 17 years, buoyed by hopes for pro-market reforms after the ruling coalition won general election last weekend.
For the week ended May 15, 2009, The BSE's banking sector index, Bankex surged 6.1% to close at 6,375.65 points over the previous week’s close of, 6,007.47 points. Bank stocks jumped on hopes falling interest rates will boost lending growth. Bank interest rates are falling in India after the central bank began slashing interest rates last October to lift a slowing economy. State Bank of India announced a reduction interest rates on deposits by up to 50 basis points effective Monday, 18 May 2009.
Total Mkt. Cap for Bankex was 3,806,943.65 (Rs in crores). ICICI Bank Ltd jumped 7.2% to Rs574.70, leading gains among financial stocks after the central bank said it was seeking to restore economic growth. State Bank of India (SBI) increased 3.6% to 1,313.50, while HDFC Bank Ltd rose 1.8% to Rs1,184.95.
The Reserve Bank of India (RBI) will seek to unwind monetary measures taken since September after the global financial crisis ends. “Once the crisis is behind us, managing inflationary expectations and unwinding of the current expansionary policy will be our task and our challenge,” RBI governor D. Subbarao said on Thursday.
As on 15th May, 2009, the 30 share index, Sensex rose 296.99 points, or 2.50%, to 12,173.42 points, over the previous week's close of 11,876.43 points. On the other hand, the broad based NSE Nifty climbed 50.95 points, or 1.41%, to 3,671.65 in the same period. Mid-cap stocks rose 126.65 points, or 3.36%, to 3,897.07 in the week. While small-cap shares rose 9.65 points, or 0.23%, to 4,279.60 during the week. Indian equities gained in yet another week with the benchmark Sensex breaching above the 12,000 level at the weekend on strong expectation that either UPA or NDA is likely to form the government at the centre.
For the week ended May 08, 2009, BSE Bankex was down over 3% to close at 6,007.47 points over the previous week’s close of, 6,133.53. Total Mkt. Cap for Bankex was 3,768,690.22 (Rs in crores). India's second largest private sector bank by market capitalisation HDFC Bank rose 3.89% in the week. However, the stock fell 2.83% on 8 May 2009, after DBS Group, Southeast Asia's biggest bank, sold its entire 2.7% stake in HDFC Bank through the block deals on BSE
As on 08 May, 2009 The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended at 11,876.43 points, a gain of 4.15 per cent or 473.18 points, over the previous week's close of 11,403.25 points. The S&P CNX Nifty of the National Stock Exchange (NSE) followed the Sensex registering almost 4.5 per cent increase from its last close to end at 3,620.7 points. Mid-cap stocks climbed 256.56 points, or 7.30%, to 3,770.42 in the week. While small-cap shares rose 329.05 points, or 8.35%, to 4,269.95 during the week. Firm market sentiments on the back of sustained buying support from foreign institutional investors (FIIs) helped the benchmark index BSE Sensex to close in the positive terrain in the week, completing its ninth winning-week. But volatility ruled the roost as some market participants booked profits ahead of the keenly-awaited general election outcome next week. Strong performance in other share markets around the world also increased the confidence of the investors in India.
For the week ended May 2, 2009, The 30 share index, Sensex gained 74.20 points, or 0.65%, to 11,403.25. On the other hand, the broad based NSE Nifty declined 6.80 points, or 0.20%, to 3,473.95 in the same period. Mid-cap stocks dropped 86.23 points, or 2.40%, to 3,513.86 in the week and small-cap shares shed 127.36 points, or 3.13%, to 3940.9 during the week. Indications of an early recovery in Indian as well as US economy mainly boosted the market sentiment.
Bankex was one of the major gainer over the week in the sectoral indices as strong buying was witnessed in Banks. Bankex surged by 1.67% to close at 5,685.22 points over the previous week’s close of, 5,591.70. Total Mkt. Cap for Bankex as on. Apr 29, 2009 was 3,586,977.71 (Rs in crores).
In the banking space, ICICI Bank, Canara Bank and Bank of India were the biggest gainers, up over 6 per cent each. Despite a fall in the net profit of the country’s second largest lender, ICICI Bank, the counter was in keen demand and was the top gainer among the Sensex after rating agency Goldman Sachs raised the stock to “buy” from “neutral”, indicating improving fundamentals of the bank.
NOTE: The last trading week-day was on 29th April 2009, due to holidays
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