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In week ended November 19, 2010, both NSE Nifty and BSE Sensex declined by 3% each to close at 5890 & 19585 respectively. Concerns over 2G spectrum allocation & weak global markets resulted in the sensex touching 2 month low.
The BSE Banking Index was down by 3.2%. Karnataka Bank was down 7.9%. Oriental Bank Of Commerce, Yes Bank, Axis Bank lost more than 7% during the week
In week ended November 12, 2010, both NSE Nifty and BSE Sensex dropped by 4%. Concerns over fiscal situation in the debt-strapped eurozone, rising dollar & weak global markets resulted in the negative market sentiments.
The BSE Banking Index dropped by 6%. SBI shares crashed by 13.3%. Federal Bank was down by 11.3%. Yes Bank & Indian Overseas Bank lost nearly 7% during the week. Oriental Bank Of Commerce was also down by 6%.
In week ended November 04, 2010, BSE Sensex and NSE Nifty shot up by 4% each to close at new all time highs of 20,894 and 6288 respectively.
The BSE Banking Index zoomed up up 6.7% during the week. : Karnataka Bank (+ 9.1%), SBI (up 9%), ICICI Bank (+ 8.9%), Indian Overseas Bank (+ 7.9%) and Punjab National Bank (+ 6.1%) were the top gainers amongst bank stocks.
In week ended October 29, 2010, Sensex was up by 91 points and closed at 20,032. NSE Nifty gained 30 points to close at 6,018. Banking and FMCG stocks were among the major gainers.
The BSE Banking Index, Bankex was up 1.5%. ICICI Bank was the major gainer during the week.
ICICI Bank profit up by 18.8 % to Rs 1,236 crore (US$ 275 million) for quarter ended September 30, 2010... Click here
In week ended October 22, 2010, both Nifty and Sensex closed flat at 6066 and 20166 respectively, after two consecutive weeks of losses. Excellent response to the Coal India IPO improved the market sentiments.
The BSE Banking Index, Bankex was up 0.5%. Canara Bank was up by 13.4%) and Federal Bank gained 10.6%. Yes Bank & Andhra Bank gained more than 6%. Allahabad Bank shares went up by 5.9%.
However Kotak Mahindra Bank, Axis Bank & HDFC Bank shares lost more than 2%
In week ended October 15, 2010, both Nifty and Sensex closed lower by 0.6%. Correction continued & the Indian markets closed lower for the second consecutive week. Infosys FY11 guidance failed to cheer the street.
The BSE Banking Index, Bankex was down 1%. Indian Overseas Bank shares gained 7.2% and Canara Bank was up by 4.3%. Both Federal Bank & Andhra Bank gained 3.8% during the week.
Stocks of Bank of India and Axis Bank lostmore than 4%. SBI & Karnataka Bank shares were down by more than 2%.
In week ended October 01, 2010, both BSE Sensex & Nift gained 2%. Sensex gained 375.92 points to end at 20,445.04. Nifty closed at 6,143.40, up 113.45 pointsSeptember saw market indices closing up to previous highs. Ayodhya verdict helped market bullishness. A broad-based rally on Friday closed the indices around 2% higher.
The BSE Banking Index, Bankex gained 2.4%. The top gainer was Yes Bank (up 6%). Bank Of India & Oriental Bank of Commerce gained more than 5%. Axis Bank and SBI were up by more than 4%.
In week ended September 24, 2010, both BSE Sensex and Nifty gained 2.3% each during the week & crossed 20K & 6k mark respectively. Market now looks set to hit the all-time highs of January 2008.
During the week stable global markets and stronger than expected domestic economic data made market bullish.
The BSE Banking Index, Bankex gained 1.1%. The top gainer was Karnataka Bank with increase of 4.6%. HDFC Bank & Federal Bank gained more than 3%, Union Bank of India and Yes Bank gained 2.3%. However shares of OBC were down by 3.8%. IOB & Allahabad Bank lost more than 2%.
In a bullish week ended September 17, 2010, Nifty advanced by 4.3% during the week and Sensex added 4.2%. A firm trend in Asian markets, good monsoon rains and expectations of a sustained economic growth kept the bullish sentiments in the market.
The BSE Banking Index, Bankex zoomed up by 6% led by gains in Private Sector Bank shares. While Kotak Mahindra Bank & Axis bank gained by more than 9%, HDFC Bank & ICICI Bank were up by more than 6%. Among the Public Sector Banks the top gainer was Union Bank of India with increase in stock price by 5.9%.
For the week ended September 09, 2010 Nifty gained by 2.9% and Sensex went up by 3.2% led by a rally in the large cap stock. Indian markets to outperformed the world markets. Good US monthly jobs report boosted sentiments of Indian markets.
The BSE Banking Index went up by 4.1%, in one of the best weeks for Indian stock markets. State Bank of India and Federal Bank were up by more than 7.5%. Stocks of Canara Bank, Bank of India and ICICI Bank gained +5% during the week.
For the week ended September 03, 2010 both BSE Sensex & Nifty BSE Sensex gained 1% each and closed at 18,221 & 5,479 respectively.
The BSE Banking Index was up by 2.1%. Allahabad Bank shares gained 8.8%. Other main gainer from banking industry was Canara Bank & was up by 6.6%. Indian Overseas Bank & Karnataka Bank gained more than 5%. ICICI Bank shares also gained 4.5% during the week.
Other bank shares generally maintained the same levels during the week.
For the week ended August 27, 2010 both BSE Sensex & Nifty lost more than 2% to close at 5,409 and 17,998 respectively.
Fears of a slower global recovery and the news that home sales in the US fell to their lowest level in 15 years negatively impacted the market.
The BSE Banking Index (Bankex) was down by 2.5%. Stock price of Indian overseas Bank was down 6.6%. During the week, other major loosing bank stocks were Andhra Bank (- 5.4%), Canara Bank (- 5%), Union Bank of India (- 4.5%) and HDFC Bank (- 4.1%).
For the week ended August 06, 2010 both BSE Sensex & Nifty added 1.3%. Indian market gained during the week due to good show by large cap stocks & bank stocks. However, mixed performance on earnings front from corporates kept trading activity restricted in a narrow band.
The BSE Banking Index was up by 2.1%. The top gainers were Indian Overseas Bank which was up up by nearly 10%. Bank Of India Kotak Mahindra Bank, Allahabad Bank gained more than 5% during the week. ICICI Bank & SBI were also up by nearly 5%.
For the week ended July 30, 2010 both BSE Sensex & Nifty were down. While BSE lost 1.4%, Nifty closed the week lower by 1.5%.
Mixed corporate results & RBI hike of its short-term lending and borrowing rates by 0.25% and 0.50% respectively effected the market sentiments.
The BSE Banking Index was up by 0.4%. The top gainers among the bank stocks was Oriental Bank Of Commerce which gained 10.8%. HDFC Bank was up by 4.3%, Bank Of Baroda gained 3.7% & Allahabad Bank was up by 3.6%.
However Karnataka Bank lost 3.8%, Axis Bank was down 3.3%. Union Bank of India, Federal Bank and Yes Bank lost around + 2%
For the week ended July 23, 2010 BSE Sensex and NSE Nifty gained about 1% each ending at 18,130 and 5,444 respectively.The Indian markets were cautious due the ongoing results season.
The BSE Banking Index was up by 0.8%. The top bank stocks who gained were Allahabad Bank (+ 7.3%), Indian Overseas Bank (+ 5.3%), Andhra Bank (+ 5%). Further, Axis Bank and Bank of India were up by around 2%.
Loosing bank stocks included OBC (- 2.4%), Kotak Mahindra Bank (- 1.7%) & Punjab National Bank (- 1.7%).
For the week ended July 16, 2010 NSE Nifty gained 0.8% and BSE Sensex was up by 0.7%. Market turned week during the week due to weaker than estimated IIP data and below expectation Infosys’ quarterly performance. However lower than expected Inflation at 10.55% in June, triggerd relief rally in rate-sensitive sectors such as Real estate and banks.
The BSE Banking Index, Bankex was up by 3%. The top gainers in bank stocks were Axis Bank (+ 6.6%), Oriental Bank of Commerce (+ 5.6%), Bank of India (up 5.5%), Yes Bank (up 4.8%) and Union Bank Of India (up 4.8%).
For the week ended July 09, 2010, NSE Nifty gained 2.2% to close at 5352 and BSE Sensex added 2.1% to end at 17,833.The BSE Sensex had an intra-week high of 17,857 and low of 17,397 while, the NSE Nifty saw an intra-week high of 5,359 and low of 5,225.
International Monetary Fund raised India’s growth forecast for 2010 to 9.5%. Further, firm global markets helped markets to gain during the week.
BSE Banking Index gained 3.7%. OBC gained 10.2%, Federal Bank was up 9.2%. Other major gainers were Yes Bank (+ 6.7%), Bank of India (+ 4.8%) and HDFC Bank (+ 4.7%).
For the week ended July 02, 2010, BSE 30-share Sensex dropped by 48 points to close at 17,461 and Nifty was down by 14 points to end at 5,237.
Except for the BSE Banking index, all the other BSE sectoral indices ended in the red. The major gainers among banking stocks were Federal Bank (4.25%), H D F C Bank (0.47%), Canara Bank (0.32%), Bank of India (0.31%) and Indusind Bank (0.19%).
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