Correction continues...Sensex slips 0.6% in the week

The markets closed lower for the second consecutive week, despite a phenomenal attempt to take out its all time high of 6,357 on Thursday. Key indices digested the nasty IIP surprise, but succumbed to selling pressure later on in the week as Infosys FY11 guidance failed to cheer the street. Meanwhile, FII inflows jumped to the record levels ahead of the Coal India IPO. Nifty for the week slipped 0.7% for the week and Sensex closed lower by 0.6%.



Sensex intra-week high of 20,854 and low of 20,090 while, Nifty intra-week high of 6,284 and low of 6,050

Sensex top gainers: The top gainers in the Sensex were Tata Motors (up 4.8%), Wipro (up 2.4%), Tata Steel (up 1.5%), Maruti Suzuki (up 1.4%) and HDFC (up 1.4%).

Sensex top Losers: The top losers in the Sensex were Bharti Airtel (down 5.5%), NTPC (down 4.8%), Hero Honda (down 2.9%), Reliance Power (down 2.9%) and L&T (down 2.7%).

The BSE IT Index (up 0.4%):The top gainers in the IT sector were Patni Computer (up 5.1%), Oracle Financial (up 3.9%), Sasken Communication (up 2.4%), Wipro (up 2.4%) and TCS (up 0.8%).

The top losers were Mphasis (down 5.3%), Financial Tech (down 1.1%), Mahindra Satyam (down 1.1%), HCL Tech (down 0.4%) and Infosys ended flat.

The BSE Consumer Index: The top gainers in the Consumer Durables sector were Su-Raj Diamonds (up 5.3%), Mirc Electronics (up 3.4%).

The top losers were Whirlpool (down 6.9%), Samtel Color (down 4.3%), Blue Star (down 3.7%) and Titan Inds (down 1.3%).

The BSE Healthcare Index (down 0.2%): The top gainers in the Pharma space were Orchid Chem (up 10%), Emami Limited (up 5.2%), Natco Pharma (up 4%), Lupin (up 3.4%) and Panacea Biotec (up 2.1%).

The top losers were IPCA Labs (down 4.1%), Dishman Pharma (down 3.8%), Torrent Pharma (down 3.8%), Fresenius Kabi (down 3.3%) and Cipla (down 1.6%).

The BSE Banking Index (down 1%):The top losers in the banking space were Bank of India (down 4.6%), Axis Bank (down 4.3%), SBI (down 2.5%), Karnataka Bank (down 2%) and Oriental Bank Of Commerce (down 1.3%).

The top gainers were IOB (up 7.2%), Canara Bank (up 4.3%), Federal Bank (up 3.8%), Andhra Bank (up 3.8%) and Bank of Baroda (up 1.9%).

The BSE Auto Index (up 0.5%):The top gainers in the auto space were Tata Motors (up 4.8%), Eicher Motors (up 1.5%), Maruti Suzuki (up 1.4%), M&M (up 0.8%) and Ashok Leyland (up 0.3%).

The top losers were Swaraj Mazda (down 3.8%), Hero Honda (down 2.9%), Bajaj Auto (down 2.7%) and Hindustan Motors (down 2%).

The BSE Oil & Gas Index (down 1%):The top losers in the oil & gas space were BPCL (down 6.9%), IOC (down 4.9%), HPCL (down 4.6%), Shiv-Vani Oil (down 3.8%) and Hindustan Oil (down 1.7%).

The top gainers were Jindal Drilling (up 6.9%), Gujarat NRE Coke (up 4.4%), Great Offshore (up 2.4%) and Cairn India (up 0.4%).

The BSE Capital Goods Index (down 2.1%):The top gainers in the Capital Goods space were LMW (up 12.1%), Greaves Cotton (up 4.8%), Ingersoll Rand (up 2%), Alfa Laval (up 1.9%) and Dredging Corp (up 1.1%).

The top losers were Kirloskar Bro (down 7.1%), BEL (down 6.4%), Jyoti Structures (down 5.1%), Elgi Equipments (down 4.1%) and Gammon India (down 3.8%).

The Cement Sector: The top losers in the cement sector were Dalmia Cement (down 5.8%), India Cements (down 4.5%), Mangalam Cement (down 3.8%), Madras Cements (down 3.6%) and Gujarat Sidhee (down 2.5%).

The top gainers were Binani Indus (up 40.3%), Ultratech Cement (up 4%), Prism Cement (up 2.3%), JK Cements (up 1.6%) and Birla Corp (up 0.2%).

The Telecom Sector: The top losers in the telecom were Bharti Airtel (down 5.5%), RCom (down 2.6%), Himachal Futuristic (down 1.3%), Tata Communication (down 1.2%) and Gemini Comm (down 1.1%).

The top gainers were TTML (up 7.1%), MTNL (up 2.7%), Idea Cellular (up 2.2%) and Shyam Telecom (up 0.4%).

The Realty Sector (down 0.3%):The top gainers in the real estate space were Ansal Props (up 9.1%), Parsvnath (up 2.4%), Omaxe (up 1.6%), Unitech (up 0.7%) and Sobha Developers (up 0.4%).

The top losers were Anant Raj (down 3.8%), Peninsula Land (down 3.1%), DLF (down 2.3%), HDIL (down 1.1%) and Akruti City (down 0.8%).

The Metals sector (up 0.6%):The top gainers in the metals sector were Monnet Ispat (up 4.1%), Bhushan Steel (up 1.5%), Adhunik Metaliks (up 1.5%), Tata Steel (up 1.5%) and Sunflag Iron (up 1.1%).

The top losers were Tata Metaliks (down 2.5%), Jindal Steel (down 2%), Jindal Stainless (down 2%), JSW Steel (down 1.6%) and Lloyds Metals (down 1.3%).