The equity markets snapped its four-week rally and suffered heavy losses this week, due to weakness in global markets on US rate hike fear and on the back of negative key economy data in the for of CPI inflation and IIP numbers.
After taking holiday for three days, the BSE Sensex kicked started the week with a huge loss of 2 per cent at 28,845 after strong US jobs data raised hopes that the US Federal Reserve may raise interest rates sooner.
Following which, the BSE benchmark index extended losses and declined nearly a per cent in the two trading sessions as traders awaited for the macro-economic data.
Thereafter, the 30-shares Sensex took a smart U-turn and gained almost a per cent, on hopes of positive inflation data.
On the last day of the week, the BSE headline index exhibited a strong trade in early morning trade and revisited the 29,000-mark to hit s high at 29,183 after the Rajya Saba cleared Insurance Bill and as the global cues were also favourable.
The BSE index, however, reversed gains and in-fact tumbled sharply as the trades panicked on poor inflation data.
The all-India general combined Consumer Price Index (CPI) increased to 5.4 per cent in February from 5.2 per cent in January 2015. Food items were major contributors to the CPI inflation rise in February 2015.
The Index for Industrial Production (IIP) slowed down in January, to 2.6 per cent as against 3.2 in December 2014.
The BSE Sensex eventually ended with a significant loss of over 3 per cent (946 points) at 28,503 this week.
Similarly, the NSE Nifty also witnessed huge loss of 290 points at 8,648, or 3.2 per cent.
After taking holiday for three days, the BSE Sensex kicked started the week with a huge loss of 2 per cent at 28,845 after strong US jobs data raised hopes that the US Federal Reserve may raise interest rates sooner.
Following which, the BSE benchmark index extended losses and declined nearly a per cent in the two trading sessions as traders awaited for the macro-economic data.
Thereafter, the 30-shares Sensex took a smart U-turn and gained almost a per cent, on hopes of positive inflation data.
On the last day of the week, the BSE headline index exhibited a strong trade in early morning trade and revisited the 29,000-mark to hit s high at 29,183 after the Rajya Saba cleared Insurance Bill and as the global cues were also favourable.
The BSE index, however, reversed gains and in-fact tumbled sharply as the trades panicked on poor inflation data.
The all-India general combined Consumer Price Index (CPI) increased to 5.4 per cent in February from 5.2 per cent in January 2015. Food items were major contributors to the CPI inflation rise in February 2015.
The Index for Industrial Production (IIP) slowed down in January, to 2.6 per cent as against 3.2 in December 2014.
The BSE Sensex eventually ended with a significant loss of over 3 per cent (946 points) at 28,503 this week.
Similarly, the NSE Nifty also witnessed huge loss of 290 points at 8,648, or 3.2 per cent.
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