WEEK WRAP
At 15.33 hrs IST, the benchmark index Nifty ended on a flat note after a gap down opening of 100 points. The US markets shed 4% on Thursday on negative economic data. The Indian markets recouped its entire losses in today's trade shrugging off US markets jitters.
The total turnover for the day was Rs 139752.05 crore. NSE F&O contributed Rs 120722.67 crore. In the cash segment, NSE Cash recorded turnover of Rs 14697.09 crore while BSE Cash clocked Rs 4332.29 crore.
The Sensex was down 85.36 points or 0.52% at 16434.32, and the Nifty down 16.45 points or 0.33% at 4931.15. About 847 shares advanced, 2096 shares declined, and 352 shares were unchanged.
The rupee recovered from its lowest level in six-and-a-half months on Friday helped by dollar selling by exporters but losses in domestic shares and the U.S. unit's gains against some majors continued to weigh.
ASIAN and EMERGING MARKET
Asian stocks fell this week, dragging down the MSCI Asia Pacific Index by the most since February 2009, after U.S. jobless claims unexpectedly rose and concern grew that Europe will fail to stop its debt crisis from spreading.
India's central bank bought 6.02 billion rupees of bonds and sold 5.99 billion rupees of debt in the week to May. 14, it said in its weekly statistical supplement on Friday.
Asian currencies slumped this week, with India's rupee and Malaysia's ringgit sliding the most since the 1990s, as investors dumped emerging-market assets on concern Europe's debt crisis will derail the global economic recovery.
Japan's 20-year bonds rose the most in 17 months as concern Europe's fiscal crisis is worsening boosted demand for the relative safety of government debt.
China's stocks gained, reversing earlier losses, as investors speculated the government may hold off from raising interest rates as a slower U.S. recovery and Europe's debt crisis threaten economic growth.
Japanese stocks fell, dragging key indexes to their biggest weekly drops in more than a year, as rising U.S. unemployment and a deepening split in Europe spurred concern the global economic recovery will stall.
Ref: http://www.capitalvia.com
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