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Markets on a see-saw

One day up, the next day down is how the markets fared this week. All in all, it was a disappointing week. In perspective, it was this week last year that the Sensex plunged to a 52-week low to go below 9000.

There is nothing like starting Monday morning on an upbeat note. And that is exactly how traders must have felt at the start of the week. The markets opened on an extremely bullish note following the Asian markets that were upbeat. Crude prices were down marginally and US bond yields retraced. The market soared but began to witness profit booking at higher levels. Yet, the first day of the week ended on a disappointing note. The Sensex closed marginally higher than Friday and the Nifty was flat.

Tuesday was volatile with the market trading flat till noon before slipping into the red and recovering by the end of the day.

Thursday was a relief when the market closed higher after Wednesday's disappointing performance. But Friday was a let down again. The markets ended lower despite strong global cues. Though most of the day was in positive terrain, they slipped during the last hour of trade.

Sensex stocks were a mixed bag this week. Some fell while their peers in the same sector gained.

BSE Auto index slumped this week only to pick up on Thursday and Friday. But Tata Motors (-0.49%) and Bajaj Auto (-0.53%) lost while Maruti Udyog ended positively (0.52%).

The IT index had a volatile week but Infosys managed to end in positive terrain (2.99%). Satyam, TCS and Wipro lost at -2.49%, -2.98% and -3.16% respectively.

Except for Wednesday, the BSE Bankex moved higher. HDC Bank (1.57%) and ICICI Bank (0.49%) gained while SBI lost (-2.44%).

BSE Healthcare began rising on Wednesday, shot up on Thursday and was flat on Friday. Ranbaxy (1.38%) and Dr Reddy's (0.13%) gained and Cipla lost (-0.99%).

This week the much awaited (and largest) IPO from real estate giant DLF opened on Monday. While the issue was predictably oversubscribed to, the retail interest was rather muted. Next week, investors will again ready themselves for the Rs 20,000 crore follow-on issue from ICICI Bank which opens Tuesday.



Vital Stats: June 11-15, 2007
  Sensex  Nifty  BSE Mid Cap  CNX Midcap
Mon 14083.40 4145.60 6129.48 5568.20
Tue 14131.00 4155.20 6084.40 5529.70
Wed 14003.00 4113.05 6065.63 5507.25
Thu 14203.70 4170.00 6161.61 5618.30
Fri 14162.70 4171.45 6180.92 5651.40
Net buying (Equity)
  FII  MF     
Mon -936.20 -24.90  
Tue -54.50 -339.80  
Wed 545.20 -69.70  
Thu -307.80 -33.10  
Fri 211.70 N.A.  
Figures in Rs/crore
Volumes
BSE  BSE    NSE  NSE
Turnover  Shares    Turnover  Shares
3524.25 2036.00 Mon 7670.59 3154.65
3835.80 2217.00 Tue 8096.23 3110.57
4189.24 2064.00 Wed 8177.66 3376.08
4426.51 2062.00 Thu 8380.44 3124.18
4228.81 2389.00 Fri 8675.02 3505.43
Figures in crore
Turnover in Rs/crore