The weeks initial two session saw the market gaining on optimism perked up by global stocks gains on Democratic presidential candidate Hillary Clintons win in US election FBIs clean chit on her personal email server probe, it was supported by stock specific earning results and plan for Infra reform to attract more investment led a short covering rally.82, the broader Nifty also fell below the important 8,300-level succumbing to selling pressure following Donald Trumps win and Narendra Modis demonetisation drive.33 points while marking four month lows at 26,818. The NSE Nifty also fell 137.Mumbai: Sensex fell for third week in a row, losing 455.
It was short-lived before reality tagged investors with US President-elect huge spending policies for economic expansion would stoke inflation may lead US interest rate hike and dent the appeal of emerging markets.27 and hovered between 27,743.33 points, or 1.82, a loss of 455.However, investors resonated to global recovery after factoring Trump victory and his pro-business policies, while banking rally due to demonetisation lifted domestic stocks.30, after shuttling between 8,598.The unexpected victory of Donald Trump in US election and demonetisation of high value currency led an stocks crash as the index touched to hit rock-bottom of 15-month lows at 25,902.45 before bargain hunting and shorts hauled the market to some extent.The 30-share Sensex resumed higher at 27,552.25.The gauge has lost 1258.45 and 8,002.Market witnessed high drama for the week amid intense volatile swings before closing lower as highly speculative driven China Diaphragm Pressure Gauges Factory trading momentum.A rise in US treasury yields and subsequent sell-off in Asian markets led domestic market ending the week to mark four month lows.67 per cent.67 per cent, to close the week at 8,296.36 points in three weeks.The selling was led by realty, consumer durables, auto, IT, tech, FMCG, capital goods and IPOs counters, also dropped were secondline shares of midcap and smallcap company shares.45 before concluding the week at 26,818.46 and 25,902.45 points, or 1.
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