Market Analysis: Weekly roundup till Nov 20
Sensex lost 571 points and closed at 19,585 during the week, while Nifty ended the week at 5890 was down by 3.0 percent over its previous weekend's close.
During the week BSE Mid-cap and Small-cap indices underperformed the benchmark Indices by losing 4.2 percent and 6.2 percent respectively.
The entire BSE sector indices closed in red during the week. BSE Realty and Consumer Durable indices lost 9.3 percent and 7.4 percent respectively.
Going Forward
Benchmark indices may continue to be weighed down early this week on amid concerns lingering over the 2G spectrum row along with political uncertainty.
Investors keenly watch, whether FII's continue to pull out money from India or will start buying at lower levels. The markets may react in this week on increase in interest rates by China on Friday, Nov 26.
(An article by DAS CAPITAL MANAGEMENT & ADVISORS Pvt Ltd)