Home / Mumbai / Mumbai News / Article / Short but not sweet

Short but not sweet

Mercifully, the terrible week gone by was a mere four days

Listen to this article :
Congress president Rahul Gandhi (c) at a roadshow in Jabalpur. Madhya Pradesh goes to the polls on November 28. Pic/AFP

Congress president Rahul Gandhi (c) at a roadshow in Jabalpur. Madhya Pradesh goes to the polls on November 28. Pic/AFP

It was a terrible week for the markets and thank God it was short, mere four days. Trading began on a positive note and markets gained on Monday, before the holiday on Tuesday. Wednesday onwards it was a free fall and markets fell sharply with BSESENSEX losing 1,850.15 points or 5.38 per cent to end at 34,376.99 points. NIFTY lost 614 points or 5.95 per cent to end at 10,316.45 points. Broader markets saw the BSE100, BSE200 and BSE500 lose 5.72 per cent, 5.63 per cent and 5.52 per cent respectively. BSEMIDCAP lost 5.42 per cent while BSESMALLCAP lost 4.27 per cent.

Top loser
There were no sectoral gainers this time around and the top sectoral loser was BSEOIL&GAS which lost 22.33 per cent. The major losers in this sector were the oil marketing companies with BPCL and HPCL losing almost a third of their value during the week. ONGC and GAIL too suffered losses and Reliance lost Rs 208 or close to 20 per cent to close at Rs 1,050.

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement