It was yet another week of sharp decline on Dalal Street as the Indian equity markets ended lower by ~2% each. The BSE Sensex broke below the psychological 16,000 mark, while, the NSE Nifty shut below 4750 levels. The benchmark indices extended its losing streak to the fifth straight week. The Nifty has corrected ~17% in the past five weeks losing almost 950 points.
Technically, the Nifty seems to be back to the 2008 levels. So, there is a chance of a bounce back from that level. However, one cannot neglect the fact the Nifty has closed below the 200 week moving average, the index also has slipped below the 2008 breakout levels, which could indicate further decline in the coming week.
Finally, the BSE Sensex ended at 15,849 while the NSE Nifty ended at 4,748.
Click here to read how markets fared on Friday...
Sensex top gainers: The top gainers in the Sensex were Bharti Airtel (up 3.9%), BHEL (up 3.2%), TCS (up 2.1%), Hindustan Unilever (up 1.3%) and ONGC (up 0.7%).
Sensex losers: The top losers in the Sensex were Reliance Capital (down 11.2%), Tata Steel (down 8.1%), SBIN (down 7.3%), Maruti Suzuki (down 6.5%) and Reliance Power (down 6%).
The BSE IT Index (down 0.2%):The top losers in the IT sector were HCL Tech (down 7.4%), Mahindra Satyam (down 5.3%), Mphasis (down 1.2%), Infosys (down 1%) and OFSS (down 0.7%).
The top gainers were Financial Tech (up 4.3%), Patni Computer (up 4.2%), TCS (up 2.1%) and Sasken Communication (up 1.3%).
The BSE Healthcare Index (0.0%):The top losers in the Pharma were Astrazeneca Pharma (down 7.1%), Fresenius Kabi (down 5.7%), Natco Pharma (down 5.5%), Ranbaxy Labs (down 4.9%) and Strides Arcolab (down 3.2%).
The top gainers were Marksans Pharma (up 6.8%), Lupin (up 4%), Cadila Healthcare (up 3.6%), Dr Reddy's Labs (up 2.8%) and Morepen Labs (up 2.7%).
The BSE Banking Index (down 4.8%):The top losers in the banking space were Union Bank Of India (down 9.5%), Punjab National Bank (down 8.3%), SBIN (down 7.3%), Bank Of Baroda (down 7.1%) and Federal Bank Ltd (down 6.6%).
The BSE Auto Index (down 1.4%):The top losers in the auto space were Maruti Suzuki (down 6.5%), Hindustan Motors (down 3%), Ashok Leyland (down 2.7%), Hero Honda (down 2.1%) and M&M (down 2%).
Bajaj Auto slipped 5.4% during the week.
The BSE Oil & Gas Index (down 1.4%):The top losers in the oil & gas space were Jindal Drilling (down 9.5%), Great Offshore (down 8.5%), Cairn India (down 6.3%), Essar Oil (down 4.6%) and Indian Oil Corp (down 3.4%).
The top gainers in the oil & gas space were Chennai Petroleum, (up 4.1%), ONGC (up 0.7%) and Gujarat Nre Coke (up 0.2%).
The BSE Capital Goods Index (0.0%):The top gainers in the Capital Goods space were Elgi Equipments (up 6.1%), ABB (up 5.6%), BEML (up 5%), Usha Martin (up 4.7%) and Alfa Laval India (up 3.3%).
The top losers in the Capital Goods were Astra Microwave (down 4.5%), Jyoti Structures (down 3.1%), Areva T&D India (down 2.5%), Alstom Projects (down 2.5%) and Thermax (down 2%).
The Cement Sector: The top losers in the cement sector were Mangalam Cement (down 8.1%), India Cements (down 7%), Madras Cements (down 4.5%), Binani Indus (down 4.2%) and Prism Cement (down 2.7%).
The top gainers in the cement sector were Ultratech Cement (up 7.2%), Dalmia Cement (up 4.3%), JK Cements (up 3.6%), Kakatiya Cement (up 2.1%) and Birla Corp (up 0.6%).
The Telecom Sector: The top losers in the telecom space were MTNL (down 5.2%), Rcom (down 2.4%), TTML (down 1.7%), Gemini Comm (down 1.6%) and Shyam Telecom (down 1.2%).
The top gainers in the telecom space were Bharti Airtel (up 3.9%), Tata Communication (up 2.4%), Idea Cellular (up 2%) and WWIL (up 1.5%).
The Realty Sector (down 4.2%):The top losers in the were Mahindra Lifespace (down 7.6%), DLF (down 5.8%), Unitech (down 5.5%), Sobha Developers (down 5%) and Ansal Props (down 4.9%).
The top gainers in the real estate space were Anant Raj Indus (up 5.6%), Akruti City (up 3.1%), Peninsula Land (up 2.4%), Omaxe (up 2.1%) and Parsvnath (up 2.1%).
The Metals sector (down 5.2%):The top losers in the metals sector were JSW Steel (down 8.5%), Tata Steel (down 8.1%), Jindal Steel (down 4.6%), Sunflag Iron (down 4.6%) and Tata Metaliks (down 3.2%).
The top gainers were Lloyds Metals (up 6.3%) and Bhushan Steel (up 0.8%).