Weekly Review: Sensex tanks 555 points; Railway-linked stocks plunge over 30% -- 27 Feb 2016

For the week ended Feb 26, the 30-share index Sensex shed 555 points to 23,154.30, while the 50-share index Nifty closed 181 points lower at 7,029.75.

                                      

Overall market sentiments remained cautious on account of F&O expiry, Railway Budget and Economic Survey. All eyes now will be on the Union Budget 2016, scheduled to be presented on February 29.

In the Nifty 50 pack, share price of Bajaj Auto tanked the most — 8.82 per cent, followed by ICICI Bank (down 6.94 per cent), ACC (down 6.73 per cent) and Gail (down 6.40 per cent). On the other hand, Hindustan Unilever and ONGC gained 2.34 per cent and 1.99 per cent, respectively, for the week ended February 26.

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