Indian stock markets recorded modest losses in the week ended Thursday, 13 April 2017, tracked by weak global cues, with BSE Sensex losing 245.16 points at 29,461.45 and the NSE Nifty index falling 47.50 points at 9,150.80. It was shortened week, as the Markets were shut on Friday, 14 April 2017, for Good Friday and Dr. Baba Saheb Ambedkar Jayanti.
Global markets sentiments were passive during the week since investors were worried on geopolitical tensions in Syria. For some days, the trading nature has been spoiled by rising geopolitical worries.
On Monday, 10 April 2017, domestic equities were registered modest losses restrained by global market sentiments, when the Sensex shed 130.87 points or to settle at 29,575.74, as the lowest closing level since 29 March 2017.
On Tuesday, 11 April 2017, the key indices settled with better gains in spite of weak trend in the global markets. The Sensex had hit at 29,788.35 by 212.61 points as highest closing marked since 6 April 2017.
Market witnessed volatility on Wednesday, 12 April 2017, suffering modest loses ahead of the release of key domestic economic data in the day. The Sensex fell 144.87 points to settle at 29,643.48, as the lowest closing level since 10 April 2017. In the last trading day, Thursday, 13 April 2017, market sentiment subdued after domestic data indicated that industrial production contracted in February and inflation on consumer price edged up in March. The Sensex declined 182.03 points to settle at 29,461.45, as lowest closing level since 28 March 2017.
Macro economically, the industrial production declined @1.2% in February 2017 over February 2016, breaking 3.3% growth recorded in January 2017
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