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03/06/2012 06:35 AST
The markets were relatively calm for most part of the trading week, even as they traded with a downward bias before eventually logging significant losses on Friday. The Sensex touched a high of 16,544 in the first half of the week, thereafter, the BSE benchmark index tumbled to a low of 15,933.
The Sensex finally ended below the 16,000-mark, down 253 points at 15,965, for the first time since January 7 on a weekly basis.
Among the index stocks, Tata Motors slumped nearly 17 per cent to Rs 225. Jindal Steel and Power, Sterlite Industries India, Larsen and Toubro, Oil and Natural Gas Corp (ONGC), ICICI Bank and Maurti Suzuki India shed four-six per cent each. On the other hand, Hindalco Industries rallied over four per cent to Rs 116. Tata Power, Coal India and Wipro were the other prominent gainers.
As per the monthly Fibonacci charts, the Sensex has near support of around 15,850 level, below which the index can slide to 15,600 and 15,200-odd levels. On the other hand, on the upside, the index can scale to 16,850-17,225.
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Business Standard
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
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