Mundra Port, Tata Steel, Coal India, DLF, Adani Power, India Strategy

Mundra Port, Tata Steel, Coal India, DLF, Adani Power, India Strategy

Bears play havoc; Markets post 5% weekly loss

Concerns about the European debt crisis continued to plague investors and rupee falling to its lowest price since March 2009 dragged markets lower by 5% on weekly basis

Major headlines for the week

Inflation at 9.73% in October versus 9.72% in September

Govt raises investment limit in G-secs, bonds

FM approves changes in Food Bill

SEBI considers circuit filter on listing days

Govt mulls FDI in retail sector

Pipavav Defence, Parsvnath hit 20% lower circuit

Suzlon Energy hits 52-week low as promoters sell stake

Rupee falls past 51/USD, worst hit among major Asian currencies

SEBI vs NSDL case: SAT defers hearing to Dec 14

Petrol prices slashed by Rs1.85 per litre

Market slides for 3rd straight week

The market declined for the third consecutive week as weak global stocks continue to spook investors. A weakening trend in global markets on lingering concerns over the euro zone debt crisis dampened the trading sentiment here. Selling was also triggered by poor Q2 September 2011 corporate earnings. Data showing selling by foreign funds recently also concerned investors.

The BSE Sensex slumped 821.31 points or 4.78% to 16,371.51 in the week ended Friday, 18 November 2011. The 50-share S&P CNX Nifty fell 263 points or 5.09% to 4,905.80.