Sensex Slips 1.36 percent on Euro Debt Concerns


Mumbai, Nov 6 (IANS): Indian equities markets shed some of their last week's gains with benchmark indices slipping about 1.4 percent as investors across the globe continued to be worried over the Euro zone debt crisis.

During the week, the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) slipped 1.36 percent or 242.19 points and closed Friday at 17,562.61 points.

The Sensex had staged its the biggest weekly rally in over two months during the week ended Oct 28.

At the National Stock Exchange, the 50-scrip S&P CNX Nifty also fell 1.42 percent or fell 76.5 points to close the week at 5,360.7 points.

Broader markets, did not fall as much. The BSE 500 index closed 0.59 percent lower. The BSE midcap index nudged up 0.37 percent, while the BSE smallcap index closed flat.

Among biggest gainers on the 30-scrip Sensex this week was FMCG giant Hindustan Unilever, which moved up 10.1 percent to close Friday at Rs.378.85.

Other prominent weekly Sensex gainers included DLF, up 5 percent at Rs.246.80; BHEL, up 3.9 percent at Rs.333.65; Hindalco, up 3.5 percent at Rs.139 and Jindal Steel, up 3.3 percent at Rs.577.30.

Among losers on the benchmark Sensex were: Tata Motors, down 5.1 percent at Rs.188; Coal India, down 3.8 percent at Rs.326.35; Maruti Suzuki, down 3.3 percent at Rs.1,123.35 and M&M, down 2.9 percent at Rs.835.05.

Markets across the world fell in the week under review as the Greek parliament got ready to vote on a confidence motion against Greek Prime Minister George Papandreou.

Earlier during the week, Euro zone leaders and investors across the globe were horrified by Papandreou's announcement that he intended to hold a public referndum on the bailout package worked out by leading European leaders.

On a weekly basis, the Japanese Nikkei closed 2.75 percent lower at 8,801.4 points, while Hong Kong's Hang Seng ended 0.88 percent down at 19,842.79 points.

The Chinese Shanghai composite index, however, moved up 2.22 percent and closed the week at 2,528.29 points.

European markets too slipped during the week. Britain's FTSE 100 closed 3.07 percent down at 5,527.16 points, the French CAC 40 closed 6.72 percent down at 3,123.55 points.

The German DAX settled 5.99 percent lower at 5,966.13 points on the last trading day of the week.

Markets at Wall Street also fell. The S&P fell 2.48 percent and closed the week at 1,253.23 points, while the Dow shed 2.03 percent and ended Friday at 11,983.24 points.

The technology-heavy Nasdaq fell 1.86 percent and ended the week at 2,686.15 points.

  

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Title: Sensex Slips 1.36 percent on Euro Debt Concerns



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