Mundra Port, Tata Steel, Coal India, DLF, Adani Power, India Strategy
Saturday, November 19, 2011
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
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.