A Snapshot Report On Market For The Week

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It was overall a quiet and flat week for the Indian market which traded directionless for most part of trading days. Today market closed on a negative note but the benchmark indices edged higher for the week. The BSE Sensex closed at 18,144 down 29 points while the NSE Nifty declined 8 points to 5,439.

For the week, the Sensex gained 1.52% and the Nifty rose by 1.36% (Provisional).

It was a range bound session today and traded with individual stocks and sectors being in focus in the absence of strong global sentiments. The benchmark indices opened lower and then edged higher to reach an intraday high at noon. However, indices closed in the red amid selling pressure that set in the last hour of trade.

The BSE small cap index gained 0.24 per cent and the CNX midcap index advanced 0.17 per cent. Overall, 46 per cent stocks advanced on the BSE indicating a weak breadth for the market.

Top Gainers comprised Tata Motors (3.97%), ITC (1.76%), HDFC (1.35%), ACC (0.99%), Wipro (0.86%), Jindal Steel (0.81%), Mahindra & Mahindra, Cipla, HDFC Bank and Reliance Comm.

The biggest Sensex losers included Tata Steel (-1.36%), Hero Honda (-1.33%), State Bank of India (-1.18%), TCS (-1.09%), Reliance Infra (-1.04%), DLF (-0.95%), ONGC (-0.90%), Bharti Airtel (-0.82%), Reliance Industries (-0.76%).

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