Markets continued to drift downwards and lost ground once again on a weekly basis. They lost on two of the four trading sessions of the truncated week which had Independence Day as the holiday.
At the end of it all, BSESENSEX lost 373.99 points or 0.57 per cent to close at 64,948.66 points while NIFTY lost 118.15 points or 0.61 per cent to close at 19,310.15 points. The broader markets saw BSE100, BSE200 and BSE500 lose 0.68 per cent, 0.65 per cent and 0.61 per cent respectively. The action-packed BSEMIDCAP and BSESMALLCAP too lost ground this week and were down 0.54 per cent and 0.02 per cent respectively.
The Indian Rupee was under pressure and lost 26 paisa or 0.31 per cent to close at Rs 83.10 to the US Dollar. Dow Jones too had a bad week and lost on three of the five trading sessions. It was down 780.74 points or 2.21 per cent to close at 34,500.66 points. What could be interesting to note is the fact that the two days of gains on the Dow were the opening and closing sessions of the week and both days saw gains of an almost identical 26 points. Losses were much bigger at 360 points, 180 points and 290 points. There are concerns in the US about interest rates and the looming downgrade of banks.
Coming to Indian markets, the benchmark indices have lost ground for a fourth consecutive week. In what could be a precursor for future trends, the midcap and Smallcap which were at the forefront of all action, lost ground this week after being up for seven consecutive weeks. Is fatigue factor setting in? Only the weeks ahead will tell, but certainly it's a cautionary signal, something not to be ignored.
この記事は The Statesman の August 21, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The Statesman の August 21, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Ponting predicts 3-1 triumph for Oz in Border-Gavaskar series
Former captain Ricky Ponting predicted a 3-1 victory for Australia in the Border-Gavaskar Trophy against India as he feels the visitors will find taking 20 wickets in a Test as the \"biggest challenge\" in the absence of Mohammed Shami.
Days after CA lifts leadership ban, David Warner named Sydney Thunder captain
Days after Cricket Australia lifted the leadership ban on David Warner due to his role in 'Sandpaper-gate' during the Newlands Test in 2018, the former Australia batter was appointed captain of Big Bash League (BBL) team Sydney Thunder.
ISL: Kerala Blasters FC, Hyderabad FC strive to boost struggling campaigns
Both Kerala Blasters FC and Hyderabad FC will aim to give their struggling campaigns some much needed boost when they meet in an Indian Super League (ISL) clash in Kochi on Thursday.
For first time in a decade, Kohli slips out of top-20 in Test rankings
Former Team India captain suffers dramatic fall in ICC rankings after poor New Zealand series
Luis Enrique heaps praise on Atletico coach Simeone
Paris Saint Germain head coach Luis Enrique has expressed great admiration towards Atletico Madrid boss Diego Simeone, having played against the Argentine 14 times during his stint as FC Barcelona manager.
Martinez returns to Argentina squad for World Cup qualifiers
Goalkeeper Emiliano Martinez is set to return to Argentina's national squad for the upcoming World Cup qualifiers after serving a suspension.
Champions League: Real Madrid head coach Ancelotti laments lack of 'solidity' after AC Milan humiliation
After his side's disappointing defeat against AC Milan in the UEFA Champions League (UCL) at the Santiago Bernabeu, Real Madrid head coach Carlo Ancelotti said that they are struggling to find that solidity.
Nikhat Zareen hails bid to host 2036 Olympics
After India made a formal bid to host the 2036 Olympics, two-time world champion boxer Nikhat Zareen said the bid would motivate sportspersons but called for the need to establish Sports Authority of India (SAI) centres in every state to foster overall sports development, essential for staging such a prestigious event in the country.
AC Milan thrash Real Madrid 3-1; Sporting CP, Liverpool also win
Milan puts defending champion's chances for knockout stage in doubt while Sporting, Liverpool also win big
Assam government suspends five officers for dereliction of poll duties
In a move to uphold administrative discipline, the Assam government has suspended five Assam Civil Services (ACS) officers for allegedly neglecting their assigned election duties.