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Bearish start & finish

The week started off on a weak note but picked up the rest of the days. On Friday, the markets slipped again. However, selective indices had a good run.

The bears had Monday in their control but lost the fight to the bulls during the week. But on Friday, they had the last say.
On Monday, the Sensex ( 14080.1), Nifty (4147.1) , BSE Mid Cap (6172.9) and CNX Midcap ( 5640.8) all ended on a lower note. Except for bank and FMCG, all other BSE sector indices closed in the red.
Tuesday saw a change in fortunes and all indices rose with the exception of BSE IT which ended in the red. The Sensex closed at 14295.5 and the Nifty at 4214.3.
But specific stocks reacted differently. On Monday, Spice Jet rose on stake sale reports but slipped on Tuesday. Glory Polyfilms, which was listed on Monday, had a great first day but slipped on Tuesday. Cranes Software moved higher on Monday after the Board of Directors of the company approved acquisition of US Dunn Solutions and continued to inch upwards on Tuesday.
Wednesday was even better with all indices closing in the green. The Sensex and Nifty closed at 14412 and 4248.7 respectively.

On Thursday too the markets ended in green but had a choppy session. It opened sluggish, picked up in momentum, slipped post lunch but pulled back in the last hour of trade. The Sensex closed at 14499.2 and the Nifty at 4267.4.
Sugar stocks were back in action on stockpile announcement. Post the HPCL-Mittal news of the government approving Lakshmi Mittal's 49% stake in HPCL's Bhatinda unit, refinery stocks like Bongai Refinery and Chennai Petroleum surged.
The party ended on Friday. The mid-cap indices closed flat but the Sensex and Nifty slipped a bit to close at 14467.4 and 4252.1 respectively. FIIs, which sold heavily this week, turned into net buyers on Friday.
Reliance Energy was the top Sensex performer this week (11.04%).
BSE Bankex, BSE Healthcare and BSE Auto all rose consistently from Monday to Friday.
Cipla and Dr Reddy's ended in the green but Ranbaxy in the red. Maruti and Bajaj Auto showed a gain but Hero Honda slipped. Of course, ICICI Bank had a great week as its price kept rising every single day. SBI was one of the top performers with a 9.98% return but HDFC Bank ended the week in the red.
BSE IT did not have a good week and Infosys, Satyam, TCS and Wipro all posted negative gains.