Taking stock

Taking stock
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First Published: Sat, Feb 07 2009. 12 03 AM IST
Updated: Sat, Feb 07 2009. 12 03 AM IST
New Delhi: The markets traded in a range bound manner this week largely following global cues. While the markets on Monday closed in the red, they did to close the week in the green on Friday. At the end of the week, the Sensex ended down by 1% , while the Nifty closed 1.2% lower. Among the broader indicies, the CNX mid cap was down by 0.9% while the BSE small cap was down by 2%.
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Among the major losers were realty stocks. On the BSE, the realty index was down 15%. Capital goods were down 3% and the Auto sector was down 2%. Pharmaceuticals, IT, FMCG, consumer durables and Oil& Gas too were down.
Among top gainers for the week were Grasim Industries, Sesa Goa, India Bulls Finance, HCL Technologies, cement company ACC and steel producer SAIL.
Top losers included Educomp Solutions, real estate giant DLF, HDIL, India Bulls Real Estate, Bajaj Finserve and ABN Offshore
The markets have now been range bound for four weeks and the next week is expected to be no different as market experts expect no major triggers. Some key data to watch out for next week remains the UK GDP numbers and jobless numbers besides the European Union numbers expected on Friday. The US too is expected to release international trade data as well as the bail out package on Monday. Some key results include Barclays, UBS and Coca Cola.
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First Published: Sat, Feb 07 2009. 12 03 AM IST