Weekly market review: Market extends losses for 3rd week, Sensex down 27 points

Senior Research An alyst, Bonanza Portfolio Ltd.

Meanwhile, global rating agency Moody's said pursuing policies to boost private investments and curbing inflation can help India trim Current Account Deficit (CAD), which hit a record high of 5.3 per cent of GDP in September quarter.

Foreign Institutional Investors (FIIs) continued their buying spree during the week, pumping in a net Rs 2,567.30 crore, including the provisional figure of February 15, in Indian equity markets.

Major losers during the week were Maruti Suzuki (7.28 per cent), Jindal Steel (6.39 per cent), Larsen (4.33 per cent), Bajaj Auto (3.42 per cent), Wipro (3.07 per cent), Hero Motocorp (2.81 per cent), Tata Steel (2.78 per cent), SBI (2.32 per cent), RIL (2.23 per cent), Dr Reddy's Lab (2.08 per cent), Sterlite Ind (1.98 per cent), BHEL ((1.61 per cent) and Bharti Airtel (1.51 per cent).

Gainers included Tata Motors, which firmed up by 6.48 per cent followed by Sun Pharma (5.66 per cent), HDFC Bank (3.88 per cent), Coal India (3.10 per cent), ONGC (2.66 per cent), HUL (2.01 per cent), M&M (1.64 per cent), NTPC (1.36 per cent) and TCS gained 1.26 per cent. Among the major indices the BSE-Realty dropped by 5.39 per cent followed by BSE-CG 3.98 per cent, BSE-Power 2.79 per cent, BSE-Metal 1.61 per cent and the BSE-CD fell 1.04 per cent.

The BSE-Small and Mid-cap indices underperformed the Sensex by a wide margin, dropping by

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