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Markets Weekly review

This article was posted on Nov 14, 2009 and is filed under Market News

This week was the best week for the Indian markets in the last 10, as it gained more than 4.3%, taking gains this month to 6%, after sliding 7.2% in October, which was its worst performance in a year. Foreign funds have moved $14.8 billion into Indian stocks this year, lifting the Sensex nearly 75%. In 2008, they had pulled out more than $13 billion and the benchmark fell over half.

The BSE Sensex hit an intra-week high of 16,910 and low of 16,147 while, NSE Nifty hit an intra-week high of 5,017 and low of 4,790.The National Stock Exchange’s 50-share Nifty closed at 4,998.95, a net rise of 202.80 points, or 4.23 per cent, from its previous weekend’s close.

For the past 5 days FII were daily net buyers, making a net purchase of worth 1,900 crs, indicating their interest in our Markets. DII’s too were net buyers overall.

The top gainers: The top gainers in the Sensex were Tata Motors (up 8.8%), Reliance Industries (up 8.3%), TCS (up 7.7%), ICICI Bank (up 7.1%) and Infosys (up 6.4%). SAIL rose over 10% during the week. The Finance Ministry is in talks with the Steel Ministry to sell stake in SAIL.

The Top Losers: The top losers in the Sensex were Bharti Airtel (down 5.6%), DLF (down 3.1%), Hindustan Unilever (down 1%), Ranbaxy Labs (down 0.5%) and Reliance Power (down 0.2%).

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