Markets Weekly: Sensex sheds 595 points; Ashoka Buildcon, Coal India hit new 52-week low -- 9 April 2016

                                            

Domestic benchmark indices BSE Sensex and NSE Nifty plunged over 2 per cent this week despite a rate cut of 25 basis points by the Reserve Bank of India (RBI). For the week ended April 8, the 30-share index shed 595.80 points at 24,673.84, while the 50-share index lost 157.85 points at 7,555.20.

  Among the 51 stocks in the Nifty pack, 34 components ended the week in red with Adani Ports falling 9.82 per cent. It was followed by Maruti Suzuki (down 7.69 per cent) and ICICI Bank (down 7.05 per cent).

On the other side, shares of Bharat Heavy Electricals Ltd, Lupin and Aurobindo Pharma advanced 5.45 per cent, 4.92 per cent and 3.70 per cent, respectively.

Sectorwise, the BSE Bankex plunged the most — 4.07 per cent. The BSE Auto and BSE FMCG index also slid by 2.35 per cent and 2.15 per cent, respectively, during the week under review. On the other hand, BSE Healthcare and BSE Power gained 0.71 per cent and 0.63 per cent.

In the BSE 500 index, Infosys, Ashok Leyland, Hero MotoCorp, Geometric, JSW Steel, Marico, EID Parry, Biocon and Cholamandalam Investment and Finance hit their new 52-week high.

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