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| Markets staged a fantastic bounce back from the crucial support levels to close in the green, recovering nearly 2.3% from the intraday low made after RBI policy announcement. Sensex gained 51 points to close at 16357 while Nifty finished at 4882, up 15 points. BSE Mid-cap and Small-cap indices gained 1% and 1.2% respectively. RBI, in its quarterly review of monetary and credit policy, hiked the CRR by 75 bps from 5% to 5.75%, while left the Repo and Reverse Repo Rates unchanged. It raised the FY10 GDP forecast from 6% to 7.5% and March 2010 inflation forecast from 6.5% to 8.5%. For the week, Sensex and Nifty were down 3% each. All the BSE sectoral indices finished in red with Metal and Realty indices falling the most, shedding 7.8% and 6.8% respectively over the week. For the month of January, Sensex and Nifty have lost 6.3% and 6.1% respectively. European markets were up about two third of a percent, while US stock indices futures were marginally in the green ahead of the US Q4 GDP data. |
| BSE Bankex and Realty indices were the top gainers among the sectoral indices for the day, putting on 3% and 2.6% respectively, while FMCG and Metal indices lost 1.9% and 1.6% respectively. ICICI Bank and BHEL gained the most among the Sensex stocks, up 5.3% and 3.1% respectively, while HUL and Wipro lost the most, shedding 4.4% and 3.8% respectively. BSE advance-decline ratio stood at 1.1:1. |
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