A maturing market amid the mayhem
Sensex drops over 1400 pts over the week
On Friday the benchmark closed 253 points lower at 13,504 on worries over the monsoon and global economy.
Reliance Industries led the fall, dropping nearly 4 percent, whereas losses in HDFC, SBI and L&T also pushed the benchmark lower.
Infosys shares gained nearly 3 percent after it declared better than expected Q1 numbers.
Gains in Infosys helped the BSE Info Tech index gain over 2 percent, but all other sectors closed in the red.
The oil & gas index was the worst hit, with losses of 3.2 percent. Indices for power, capital goods and realty shed over 2 percent each.
It has been a bad week for the stock market with the Sensex posting its worst weekly drop in 2009. Do you think the uncertainties will continue, pulling the market further down?