The NIFTY ended on a negative tone, drifting down -0.67% for the week.
Biggest losers were AXISBANK (-9.87%), HEROMOTOCO (-9.44%) and BANKBARODA (-8.77%).
And the biggest winners were TCS (+6.05%), CIPLA (+4.86%) and HINDUNILVR (+4.13%).
Decliners eclipsed advancers 39 vs 10
Gold: -1.71%, Infrastructure: +6.76%, Banks: -0.47%.
Slowing growth in the US and Europe’s resurgent problems caused a massive selloff on Friday: NIFTY tanked 101 points (-1.96%) to 5,087. The bloodbath looked something like this:
Basically, the market has gone nowhere since the last couple of years:
Buy and Hold just became Buy and Hold forever.
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