Equity markets end week with big losses

Indian equity markets had a poor week despite a good start, thanks to weak global markets.

The markets ended in the red in three out of four trading sessions. They were closed for Ganesh Chaturthi on Wednesday.

The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, lost 80.70 points or 0.55 per cent to slip to 14,483.83 in the week. The S&P CNX Nifty index of the National Stock Exchange lost 7.70 points or 0.17 per cent to 4,352.30.

The BSE Small-Cap index rose 13.58 points or 0.2 per cent to 6,905.22. The BSE Mid-Cap index advanced 11.43 points or 0.2 per cent to 5,753.72.

The Sensex lost 66.02 points or 0.45 per cent Monday to end at 14,498.51.

A sharp fall in crude oil price helped the key benchmark indices register gains on Tuesday. The Sensex jumped 551.35 points or 3.80 per cent to 15,049.86. The Nifty was up 155.35 points or 3.57 per cent to 4,504.

After Wednesday's break, weak global cues pulled the Sensex down 150.76 points or 1 per cent to 14,899.10 Thursday. The Nifty lost 56.25 points or 1.12 per cent to close at 4,447.75.

The uncertainty over the India-US nuclear deal weighed heavily on market sentiment on Friday, pulling down the Sensex by 415.27 points or 2.79 per cent to 14,483.83.

India's biggest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) lost 2.68 per cent to Rs 2079.40 in the week.

Tata Motors, India's biggest commercial vehicle maker by market share, lost 4.6 per cent to Rs 419.95.

However ONGC, India's biggest state-run oil exploration firm by market capitalization, jumped 4.6 per cent to Rs 1,070.75.