Sensex ends in red for third week

Jun 28 2014, 08:54 IST
Comments 0
The benchmark BSE Sensex ended in the red for the third straight week. (Reuters) The benchmark BSE Sensex ended in the red for the third straight week. (Reuters)
SummaryOn Friday, foreign institutional investors (FIIs) bought shares worth $30 million.

of upside to share prices. If, for all companies in our coverage universe where RoA is below average, we were to lift FY16E RoA to its historical average, FY16E aggregate earnings estimates would rise by 45%,” Morgan Stanley analysts said in a recent report.

Among its peers, most Asian markets ended lower on Friday. The Nikkei 225 (1.4%), Kospi (-0.3%), Straits Times (-0.2%), Jakarta Composite (-0.6%), Shanghai Composite (-0.1%) and Taiwan Taiex (-0.1%) ended in the red. For the week, Kospi was the major gainer as it rose by 1.6% in dollar terms.

Back home, 18 of the 30 Sensex stocks ended in the red on Friday. However, in the broader market, breadth was strong with 1,675 stocks trading on the BSE ending higher compared with 1,325 declines. Most of the 13 BSE sectoral indices ended in the green. The BSE Healthcare (2.48%), BSE IT (2.45%), BSE Realty (0.8%), BSE Power (0.7%) and BSE FMCG (0.5%) were the major gainers.

The upcoming Budget is likely to provide the next big trigger for the market. It is also likely to monitor the situation in Iraq. The NSE cash turnover on Friday stood at R16,130 crore, while the turnover in the F&O segment was R95,133.51 crore. The cash turnover on the BSE stood at R3,361.27 crore, while, on the F&O segment, it stood at R28,252.25 crore.

Single Page Format
Ads by Google

More from Money & Funds

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...