The NIFTY ended up 3.08% for the week, bouncing back up from the ~2.5% loss last week. The energy index was up more than 6% on the back of gas price hike.
Index Performance
Top Winners and Losers (CNX 100)
The biggest winner was Reliance Industries, the gas-price hike is a big profit booster to upstream energy companies. Ranbaxy couldn’t get a break regulators…
ETFs
| GOLDBEES | -6.01% |
| JUNIORBEES | -0.67% |
| BANKBEES | +0.13% |
| INFRABEES | +0.59% |
| PSUBNKBEES | +0.76% |
| NIFTYBEES | +3.26% |
Gold continued to tumble with prices reaching production costs for most manufacturers. Credit for the purchase of gold has been regulated away by the RBI.
Advancers Decliners (CNX 100)
Yield Curve
Sector Performance
Gold retailers and miners got creamed.
Thought for the weekend
I take it for granted, that those eat now who never ate before; And those who always ate, now eat the more. – Thomas de Quincey, Confessions of an English Opium-Eater