Anagram Says
Market closed absolutely flat on the final trading session of the week. Sensex closed at 17166, down 1 point while Nifty gained 4 points to close at 5137. Broader markets continued to underperform, with BSE Midcap and Smallcap indices losing 0.2% and 0.4%. For the week, Sensex and Nifty are up 1% each. Among the sectoral indices, top gainers were IT index and Bankex, putting on 2.1% and 1.4% respectively over the week while PSU and Realty indices lost the most, shedding 2.7% and 2.1% respectively. January IIP came in at 16.7% as against 1% in January 2008. December IIP data was revised upwards from 16.8% to 17.6%. European markets were up about half a percent, led higher by banks. US stock indices futures were marginally in the green ahead of the retail sales and consumer sentiment data.
For the day, BSE Realty and Capital Goods indices were the top losers among the sectoral indices, down 0.8% and 0.6% respectively, while Metal and Oil & Gas indices gained the most, up 0.6% and 0.4% respectively. Cairn and Hindalco were the top gainers among the Nifty stocks, putting on 4.3% and 3.3% respectively while HUL and Sun Pharma lost the most, shedding 3.8% and 2.4% respectively. BSE advance-decline ratio stood at 1:1.8.