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Showing posts with label Weekly Analysis. Show all posts
Showing posts with label Weekly Analysis. Show all posts

Saturday, February 25, 2012

First weekly fall for markets in 2012


The Indian markets broke seven-week winning trend on profit booking. The Sensex fell 2% and the Nifty declined 2.4%.

Headlines for the week

Kingfisher Airlines faces tough times
Citigroup sells HDFC stake
Econet seeks $3.1 billion damages from Bharti Airtel
India’s GDP to grow at 7.1% in FY12: Rangarajan
Jan consumer price inflation at 7.65%
ABB Q4 net profit soars over 9-fold
Ranbaxy Q4 consolidated net loss at Rs2982.76 crore

Saturday, December 31, 2011

Weekly Market Report - Dec 31 2011


Weekly Market Report - Dec 31 2011

Sensex, Nifty crumble 25% in 2011...Rupee down 16%


During the year 2011, the BSE Sensex tumbled by over 5,000 points, or ~25%, from 20561 on January 3 to 15,454 on 30th December. While the NSE Nifty dropped more than 1500 points, or ~25%, from 6157 to 4624, during the year. Investors lost a whopping Rs 20,00,000 crores in market value with the total market cap down ~28%. India was among the top losers in the Asia-Pacific region and the worst performer in the BRIC space.

Q2 FY12 GDP fell below 7% while IIP for October shrank for the first time in more than three years. India has been running a large current account gap and a yawning fiscal deficit as well. As a result, the rupee slid to all-time lows of over Rs 54 against the dollar on December 19 before recovering slightly. The rupee lost 16% in 2011 - its first annual loss since 2008.