Indian mkts end lower last week



MUMBAI, Jan 31 (Business Standard): Benchmark share indices ended last week marginally lower after the sharp fall on Friday following India's biggest ever equity offering from Coal India while rise in non-performing assets of ICICI Bank and Bank of Baroda weighed on bank stocks.


In the truncated week ended January 30, 2015, the 30-share Sensex ended down 96 points at 29,183 and the 50-share Nifty closed 27 points lower at 8,809.

Meanwhile, the BSE Mid-cap index ended up 0.4 per cent at 10,739 and the BSE Small-cap index ended lower 0.3 per cent at 11,329.

On Monday, markets were closed on account of Republic Day. Tuesday saw markets ending at record closing highs led by financials and ITC while capital goods shares gained on hopes of order inflows after the breakthrough in the Indo-US treaty for civilian nuclear projects.

On Wednesday, markets ended flat amid a volatile trading session, as investors booked profits ahead of the expiry of January derivative contracts.

Thursday saw indices ending at record closing highs with the broader Nifty gaining for the 10th straight session, the longest rally since April 2014, following the expiry of January 2015 derivative contracts.

A sharp drop in banking stocks following weak results and Coal India's mega offering saw the markets post their biggest drop in three weeks on Friday.

On the sectoral front, BSE Realty index surged over 8 per cent. However, BSE Metal, PSU and Bankex indices slipped between 1-3 per cent.
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