Global jitters returned to haunt investors on Dalal Street especially towards the end of the week. A sudden sell off in South Korea’s Kospi spooked investors in India on Thursday. Interest rate hike fears sent Chinese and other global markets into a tizzy on Friday. Fresh concerns over the deteriorating fiscal situation in the debt-strapped eurozone added to the list of worries as did a rising dollar. Indian indices witnessed further selling pressure after the September IIP data came in much below expectations. Finally, the NSE Nifty lost 3.8% and the BSE Sensex fell 4%.
Sensex intra-week high of 21,075 and low of 20,108
Nifty intra-week high of 6,336 and low of 6,057
Sensex top gainers: The prominent top gainers in the Sensex were Reliance Power (up 11.2%) and Ambuja Cements (up 4.5%).
Sensex top Losers: The top losers in the Sensex were SBI (down 13.3%), DLF (down 8.3%), Bharti Airtel (down 7.3%), Cipla (down 6.6%) and Ranbaxy Labs (down 5.9%).
The BSE IT Index (down 2.5%):The top losers in the IT sector were Mphasis (down 6.3%), OFSS (down 4.7%), Sasken Communication (down 4.4%), Patni Computer (down 4%) and Wipro (down 2.9%).
The top gainers were Financial Tech (up 7.6%) and Mahindra Satyam (up 2.6%).
The BSE Consumer Index: The top losers in the Consumer Durables were Videocon Industries (down 4%), Mirc Electronics (down 3.4%) and Blue Star (down 3.3%).
The top gainers were Titan Inds (up 3.1%), Su-Raj Diamonds (up 2.9%) and Whirlpool (up 1.5%).
The BSE Healthcare Index (down 1.8%):The top losers in the Pharma were Cipla (down 6.6%), Ranbaxy Labs (down 5.9%), Glenmark Pharma (down 4.8%), Ipca Labs (down 3.2%) and Aurobindo Pharma (down 2.7%).
The top gainers were Marksans Pharma (up 33.3%), Morepen Labs (up 12.6%), Natco Pharma (up 11.9%), Cadila Healthcare (up 6.7%) and Lupin (up 4.2%).
The BSE Banking Index (down 6%):The top losers in the banking space were SBI (down 13.3%), Federal Bank (down 11.3%), Yes Bank (down 7.4%), Indian Overseas Bank (down 7%) and Oriental Bank Of Commerce (down 6%).
Canara Bank gained 3.3% during the week.
The BSE Auto Index (down 2%):The top losers in the auto space were Eicher Motors (down 9.5%), Ashok Leyland (down 5.9%), Maruti Suzuki (down 3.8%), M&M (down 2.2%) and Bajaj Auto (down 2%).
The top gainers were Hindustan Motors (up 5.8%) and Tata Motors (up 0.1%).
The BSE Oil & Gas Index (down 4%):The top losers in the oil & gas space were Gujarat NRE Coke (down 11.3%), Essar Oil (down 10.5%), HPCL (down 7%), MRPL (down 5.9%) and ONGC (down 5.4%).
Great Offshore gained 0.3% during the week.
The BSE Capital Goods Index (down 4%):The top losers in the Capital Goods were BHEL (down 5.9%), Carborundum Univ (down 5.8%), Thermax (down 5.6%), Gammon India (down 4.8%) and HEG (down 4.6%).
The top gainers were Elgi Equipments (up 1%), Esab India (up 0.4%) and Praj Industries (up 0.3%).
The Cement Sector: The top losers in the cement sector were Madras Cements (down 6.6%), Birla Corp (down 5.6%), India Cements (down 5%), Grasim Inds (down 4.5%) and Prism Cement (down 3.4%).
The top gainers were Kakatiya Cement (up 2.9%) and JK Cements (up 0.2%).
The Telecom Sector: The top losers in the telecom space were Bharti Airtel (down 7.3%), MTNL (down 7%), RCom (down 6.4%), TTML (down 5.3%) and Gemini Comm (down 4.9%).
The top gainers were Himachal Futuristic (up 45.4%), WWIL (up 4.6%), Shyam Telecom (up 3.3%) and Idea Cellular (up 3%).
The Realty Sector (down 6.5%):The top losers in the Realty space were Sobha Developers (down 11%), Unitech (down 9.6%), DLF (down 8.3%), HDIL (down 6%) and Akruti City (down 4.5%).
The top gainers were Omaxe (up 2%), Ansal Props (up 1.2%) and Mahindra Lifespace (up 0.2%).
The Metals sector (down 3.1%):The top losers in the metals sector were Jindal Steel (down 4%), Jindal Stainless (down 3.9%), Bhushan Steel (down 3.7%), Tata Metaliks (down 2.9%) and Tata Steel (down 2.7%).
The top gainers were Bhuwalka Steel (up 2%) and Lloyds Metals (up 1.8%).
Source : IIFL
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