Weekly Review: Rising Indo-Pak tension spooks market, Sensex plunges 802 points; FIIs remain net buyers - 1 Oct 2016
The 30-share Sensex slipped 802.26 points, or 2.80 per cent to 27865.96 for the week ended September 30 from 28668.22 on September 23. On similar lines, the 50-share NSE Nifty index plunged 220.40 points, or 2.50 per cent to 8831.55 from 8611.15 during the same period.
Among the top losers in the Nifty 50 index, Bharat Heavy Electricals Ltd tumbled the most — 7.80 per cent for the week ended September 30, followed by Tech Mahindra (down 7.47 per cent), Adani Ports (down 7.12 per cent), ICICI Bank (down 6.95 per cent) and Cipla (down 5.21 per cent). On the other hand, ZEE Entertainment, Aurobindo Pharma and YES Bank advanced 3.99 per cent, 1.88 per cent and 1.88 per cent, respectively, and stood among top weekly gainers in the Nifty pack.
Sectorwise, the BSE Power index, Realty index, Capital Goods and FMCG index dipped by 3.83 per cent, 3.73 per cent, 3.55 per cent, 3.26 per cent and 3.11 per cent, respectively, during the week. Other sectoral indices all ended the week with losses.