Markets end in red on profit-booking; Sensex down 284 points

Tags: Stock Market
A slew of macroeconomic factors and profit-booking pulled down the benchmark S&P BSE Sensex by 284 points to end at 22,403.89 this week.

Flat manufacturing growth, drop in core sector industries data, lower monsoon forecast and tensions mounting over Ukraine affected the sentiment.

The HSBC survey for April showed manufacturing sector remained 'steady' even as domestic demand made up for fall in exports.

Growth in eight core sector industries decelerated to 2.6 per cent in 2013-14, the lowest in almost a decade, said government data.

Investor worries over developments in Ukraine lingered on as the US has already announced some sanctions and has threatened to impose more economic sanctions on key sectors of Russia's economy.

The Sensex resumed higher at 22,717.59 and moved in a range of 22,721.36 and 22,284.96 before ending the week at 22,403.89, disclosing a loss of 284.18 points, or 1.25 per cent.

The NSE 50-share Nifty also dropped by 87.95 points, or 1.30 per cent, to end at 6,694.80.

Shares of metal, capital goods, realty, power and auto sectors were the major losers during the week.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • If the first 17 editions of Saarc were tragedies, Kathmandu was a sham

    Rarely has a regional grouping such as the South Asian Association of Regional Cooperation (Saarc) promised so much and delivered so little.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

By the power of wind, let there be light

In India, the development of wind power began in the ...

Zehra Naqvi

Being unrealistic can be good for you

Depression is a term that most people use very casually ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture