After witnessing a huge rally yesterday (Jan 14), Indian equities belled the day on a weak note following negative global cues causing a massive sell-off.  

The 30-share index, BSE Sensex opened at 9,098.08, down 272.41 points from its last closure. After few minutes of trading, Sensex slipped below the 9,000 mark.

Realty stocks hit the most followed by information technology, metal and banking sectors. The annual inflation rate is likely to be announced later today.
 

Indian equities on Tuesday (Jan 13) ended the day on a negative note.

The BSE barometer opened weak following global cues, but better-than-expected results from technology giant Infosys turned out a good enough trigger for the stock market to make recovery after an early setback.

IT stocks outperformed, while banking, metal and oil & gas stocks went down.

Among the sectoral indices, BSE IT climbed 4.71%, whereas BSE Oil & gas, Bankex and Metal declined more than 1% each.  

After trading sluggishly for the whole day, the 30-share index BSE Sensex closed the day (January 12) with a huge loss of 296.42 points at 9110.05.

In contrast, the broad-based Nifty closed at 2773.10, down 99.90 points, after touching an intra-day low of 2748.55.

Despite making some moderate recovery during the final hour of closing on Friday (Jan 09), the 30-share index BSE Sensex ended the week on a negative note.

Second line stocks saw heavy selling pressure. Metal and realty stocks were hammered badly on Friday.

For the week ended December 27, India’s benchmark wholesale price index (WPI), inflation declined to 5.91 percent as compared to 6.38 percent during the last week.

During the same period of the last year, the inflation was at 3.83%.

The Sensex lost more than 700 points on Wednesday (Jan 07) following some startling revelations made by B. Ramalinga Raju, the Chairman of Satyam Computer Services Ltd.

It came as disgusting news to market that Raju quitted after confession of fraud in company’s books.

All sectorial indices hammered badly and marked their closures on a negative note. Realty, oil & gas and IT were among the major losers, which fell 16.95%, 9.35% and 9.32% respectively.

Indian equities welcomed the new year (2009) on a bullish note. Midcap and Smallcaps showed upbeat reaction all through the week.

The 30 share index, Sensex gained 629.3 points to 9,958.22 during the week, which ended on January 02, 2009. In contrast, the broad based NSE Nifty made 189.5 points to 3,046.75 during the same period.

During the week, Mid-cap stocks recorded 284.5 points to 3,391.18, while Smallcap shares zoomed 321.91 points to 3,870.45.