The NIFTY ended on a bearish note, melting down -2.38% for the week.
Biggest losers were STER (-14.19%), JPASSOCIAT (-14.16%) and JINDALSTEL (-11.26%).
And the biggest winners were CIPLA (+2.67%), POWERGRID (+2.01%) and HDFC (+1.77%).
Decliners eclipsed advancers 39 vs 11
Gold: -0.07%, Banks: -2.61%. Infrastructure: -2.11%. However, Gold was up +2.27% to $1692.35 at US market close following Bernanke’s speech.
Net FII flows for the week: $729.10 mm (Equity) and -$140.38 mm (Debt) – looks like a strong buy-the-dip bias amongst foreign investors.
Daily news summaries are here.
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