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For the week ended June 25, 2010 The BSE 30-share Sensex slipped by 156 points to close at 17,575 and Nifty ended lower by 56 points to end at 5269. Market declined after the Government decided to free petrol prices from control and hiked the prices.
Among the BSE sectoral indices, BSE Banking index was the top loser and was down by 2.2%.
For the week ended June 18, 2010 BSE 30-share Sensex slipped 73 points to close at 17,544 and NSE Nifty fell 12 points and ended at 5,263. After gaining for seven straight trading sessions markets slipped into red on account of weak sentiments of the US and the Asian markets.
Most of the BSE sectoral indices including BSE Banking Index, Bankex were down during the week.
For the week ended June 11, 2010 both BSE Sensex and Nifty were up by 1%. In a dull week, BSE Sensex saw an intra-week high of 17,131 and low of 16,560 and the NSE Nifty hit an intra-week high of 5,139 and low of 4,967. Better than expected April IIP data and positive European market helped market gain for the third week in a row.
BSE Banking Index, Bankex down 0.2% : Karnataka Bank, Federal Bank, Union Bank of India & ICICI Bank lost around 3% during the week.
HDFC Bank gained 3.2%) and Canara Bank was up by 2.9%. IOB & PNB gained around 2% during the week.
For the week ended June 04, 2010 both BSE Sensex and Nifty were up. the NSE Nifty gained 1.4% and BSE Sensex was up 1.5%.
During the week, the BSE Sensex hit intra-week high of 17,150 and low of 16,318 while the NSE Nifty intra-week high was 5,148 and low of 4,961.
BSE Banking Index, Bankex was up by 1.9%. Union Bank of India (up 8.8%) & Karnataka Bank (up 8.7%) were the top gainers. Canara Bank, Bank of Baroda and SBI were also up by around 5%.
Private sector banks were lackluster and Kotak Mahindra Bank was top loser & was down by 1%.
For the week ended May 28, 2010 both BSE Sensex and Nifty gained. While Nifty was up by 2.7%, BSE Sensex added 2.5% for the week. Highlight of the week in the Indian market was the unexpected truce between the Ambani brothers.
BSE Banking Index, Bankex was up by 1.6%. The top gainers in the bank stocks were Yes Bank (+ 6.2%), Federal Bank (+ 6%) and Andhra Bank (+ 5.9%). HDFC Bank and Oriental bank of Commerce also gained nearly 4%.
However public sector banks Canara Bank , Karnataka Bank and Indian Overseas Bank were down by nearly 3%.
For the week ended May 07, 2010 both BSE Sensex and Nifty were trading below 2-month low. The Supreme Court verdict on RIL-RNRL gas dispute which are in favor of RIL brought the market further down. Global markets decline continued triggered by the Greek debt crisis.
BSE Banking Index, Bankex was down to 10,505.86. The major losers were Bank Of India(5.6%), Federal Bank (4.8%), Canara Bank (3.32%), Bank Of Baroda (3.16%) and H D F C Bank (2.74%).
For the week ended April 30, 2010 BSE Sensex gained 55 points to close at 17,559. Nifty gained 24 points to close at 5,278. Markets registered second week of slim gains. Markets in Asia ended in the green but European markets showed mixed results.
BSE Banking Index, Bankex gained 1% during the week and closed at 11,155. Canara Bank was the major gainer. Loosing bank stocks included Allahabad Bank and Yes Bank.
For the week ended April 23, 2010 BSE Sensex gained 0.6% while NSE Nifty was up by 0.8% and closed at 17,694 and 5,304 respectively. The Indian markets were in positive mode as RBI annonced rate hike lower than what was expected. Also market was upbeat due to good earnings announced by corporates.
RBI annual policy announcement during the week helped BSE Banking Index, Bankex to gain 5% in otherwise flat market. SBI stocks were up by 10.4%. Other top gainers included Yes Bank (+ 8.7%), Allahabad Bank (+ 8.5%), Axis Bank (+ 7.6%) and Andhra Bank (+ 6.7%).
Reserve Bank of India hiked repo, reverse repo & CRR by 0.25% in the annual credit & monetary policy 2010-11 on 20th April 2010. However, RBI feels that Inflation will be contained & recovery process sustained, despite hike .. Read More
For the week ended April 16, 2010 BSE Sensex and NSE Nifty lost 2% each during the week & closed at 17,591 and 5,263 respectively. Market was in caution mode a week before the RBI Annual Credit Policy. After continous rally for 10 weeks, the market lost their upward momentum.
The BSE Banking Index was down by 3.1%. Stocks of Kotak Mahindra Bank & Allahabad Bank dropped by more than 7%. ICICI Bank Canara Bank and Yes Bank were down by more than 5%.Karnataka Bank gained 1.9%. Union Bank of India was up 1.7%.
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