After the last week's rise, the markets witnessed a marginal fall this week (September 29-October 6).
Nifty was down by half a per cent (-0.52 per cent), while the Sensex lost 0.66 per cent during the week ended October 6. Among the broader indices, S&P CNX 500 gained 0.4 per cent, while the CNX Mid Cap ended the week up 1.78 per cent.
All the sectoral indices also staged a smart recovery with BSE Healthcare (-1.66 per cent) and BSE FMCG (-1.8 per cent) being the exception.
Top gainer among the sectoral indices was BSE Metal, which surged over 2 per cent. BSE Metal was followed by BSE PSU index (0.81 per cent) and Bankex (0.68 per cent).
Last week only BSE IT was in the negative territory, after losing 0.01 per cent (week ended September 22). This week it gained 0.16 per cent.
Another notable thing were the metal stocks. SAIL up 4.1% and Hindalco gained 2.7% iover the week.
On Monday the 30-share Sensex had lost 88 points. The losing streak continued the next day also when it lost a massive 162 points. It pared the losses the next day and gained 185. 40 points on October 5. The Sensex, however, ended the week losing 16 points on Friday after touching an intraday high of 12,434.22 and an intraday low 12,357.69.
On the whole it was the first weekly loss of Sensex and Nifty after ten weeks of gains. Market breadth was positive as advancing stocks outnumbered declining stocks by a ratio of 5:3.
Mutual funds were net sellers of equities worth Rs 131.47 crore. Ditto for FIIs, who were net sellers, offloading equities worth Rs 419.4 crore over the week.
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