This week, the markets were dragged low by the realty funding scam. Banking and realty stocks crashed after the CBI arrested top officials of the banking industry for collusion with developers and middlemen. Reports also indicated that SEBI was initiating a probe against insider trading though the finance minister has denied this.
The markets took a sharp beating this week and downward trend prevailed across all sectors. Amidst housing loan scam involving many companies, realty was the worst performer in the second consecutive week.
The numbers are following:
- The Sensex down 2.5% and Nifty down 2.5%.
- The CNX Midcap index was down 5.7%,
- BSE Smallcap index down 7.2%,
- BSE OilGas down 4%,
- BSE Realty down 14%,
- BSE Consumer Goods down 5.5%,
- BSE Bankex down 3.4% over the week.
Filed Under : Nifty Weekly Reports
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