Monday 25 January 2010
The Sensex fell on Monday, January 25th, for a fifth straight day. Financial companies dropped on concerns that US president Barack Obama’s plan to change banking rules would impact the global rise in stocks. Mahindra and Mahindra also tanked as lower-than-expected profits were reported, making investors worried that valuations might be excessive.
Tuesday, 26 January 2010
Markets were closed on Tuesday on account of Republic Day.
Wednesday, 27 January 2010
The gauge fell the most it has since November, on concern that company profits would be impacted if the RBI increases rates to curb inflation. Lenders and commodities companies saw big losses for the day.
Thursday, 28 January 2010
The Sensitive index broke its losing streak on Thursday but advanced only a little as investors continued to be concerned about a possible rate hike by the RBI on Friday. Engineering firms took a hit. But Tata Steel and DLF rose after their quarterly earnings were better than expected.
Friday, 29 January 2010
Markets ended the day slightly higher, with the RBI’s announcement of a 75 basis point hike in the CRR largely in line with expectations. The Sensex however, experienced its biggest drop since October, falling 6.3% for the month.
Top gainers were ICICI Bank, Bhel, State Bank of India, DLF, and HDFC Bank. Top losers included Hindustan Unilever, Wipro, Tata Motors, Tata Steel, and Bharti Airtel. Sector indices ended the day mixed.