BSE Sensex ends the week on a flat note ahead of elections

Apr 05 2014, 01:17 IST
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BSE Sensex ended 149.57 pts at 22,359.50 pts, while the NSEís Nifty ended 41.75 points at 6,694.35 points. BSE Sensex ended 149.57 pts at 22,359.50 pts, while the NSEís Nifty ended 41.75 points at 6,694.35 points.
SummaryBSE Sensex ended 149.57 pts at 22,359.50 pts, while the NSEís Nifty ended 41.75 points at 6,694.35 points.

The BSE Sensex posted its biggest single-day fall in a month on Friday ahead of the elections, which are set to begin on Monday. The 30-share Sensex ended 149.57 points or 0.66% lower at 22,359.50 points, while the NSE Nifty ended 41.75 points or 0.62% lower at 6,694.35 points.

Check: Indian rupee, BSE Sensex, NSE Nifty, Market Top Gainers/Losers, Gold price, Declared assets on April 04, 2014

On Friday, foreign institutional investors (FIIs) bought $38.74 million worth of equities, while domestic institutional investors (DIIs) sold shares worth $187 million, according to the BSE provisional data. In year to date, FIIs have bought more than $4 billion worth of equities.

The market fall was led by declines in Bharat Heavy Electricals Ltd (BHEL) (-1.95%), NTPC (-1.95%) and Bharti Airtel (-1.74%).

It was a tepid week for the markets with the Sensex ending 0.08% higher. Markets ended flat on Tuesday after Reserve Bank of India (RBI) unveiled its monetary policy, which was termed as Ďcautiousí by analysts. The RBI left the repo rate unchanged. ďThe tone of RBIís commentary was one of caution, emphasising the potential upside pressures on retail inflation. In fact, we think the move of reducing banksí LAF repo borrowing limit (at 8%) and to switch the same to term repos (at 8-9%, based on auctions) will result in a marginal tightening in near-term interest rates,Ē Barclays analysts said in a report.

On Thursday, markets ended marginally lower with India's HSBC Services Purchasing Managers' Index (PMI) falling to a 3-month low. The index fell to 47.5 in March from 48.8 in February.

Among its peers, most Asian indices ended in the red on Friday ahead of the US non-farm payroll data. The Nikkei (-0.05%), Hang Seng (-0.24%), Kospi (-0.28%), Straits Times (-0.23%), Jakarta Composite (-0.68%) and Taiwan Taiex (-0.19%) were the major losers. Shanghai Composite ended with gains of 0.74%. Most European indices were trading in the green. CAC (0.32%), DAX (0.48%) and FTSE (0.50%) were the major gainers at 6.15 pm IST.

The US jobs data, which was out later in the day, showed that non-farm payrolls in March increased by another 192,000 after increasing by 197,000 in February

Back home, 25 of the 30 Sensex stocks ended in the red. However, the breadth was strong in the broader market as 1,601 stocks

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