After posting gains of 12.5 % and 1.8 % for two successive weeks, Indian equities once again finished in the red Friday with a key index losing 5.8 % during the week from its closing figure the previous Friday.
The sensitive index (Sensex) of the BSE closed at 9,385.42, shedding 578.87 pts or 5.8 % during the week from its closing Friday previous week at 9,964.29 pts.
Similarly, the broader-based 50-share S&P CNX Nifty of the NSE finished the week Friday at 2,810.35, down 162.65 pts or 5.5 % from its closing Friday previous week at 2,973.00 pts.
The BSE midcap ended Friday this week at 3,216.08, down 139.3 pts or 4.15 % from its close Friday previous week at 3,355.38 pts.
The BSE smallcap finished Friday this week at 3,765.05, down 135.05 or 3.46 % from its close Friday previous week at 3,900.10 pts.
The week opened strong with equity values surging to take the Sensex beyond the psychologically important 10,000 mark.
The Sensex closed Monday at 10,536.16, up 571.87 pts or 5.74 % from its close Friday previous week at 9,964.29 pts.
The Nifty too closed higher finishing Monday at 3,080.90, up 107.9 pts or 3.63 % from its previous close Friday at 2,973.00 pts.
The slide started from Tuesday and continued through the rest of the week. The Sensex finished Tuesday at 9,839.69, down 696.47 pts or 6.61 % from its previous close Monday at 10,536.16 pts.
The Nifty too closed at 2,938.65, down 209.6 pts or 6.66 % from its previous close Monday at 3,148.25 pts.
Bears continued to prevail Wednesday despite attempts by bulls to push up the Sensex throughout the day but analysts said buying enthusiasm was simply not strong enough and sellers prevailed.
The Sensex ended Wednesday at 9,536.33, down 303.36 pts or 3.08 % from its previous close Tuesday at 9,839.69 pts.
The Sensex opened weak at 9,683.75, down 155.94 pts or 1.58 % and within minutes hit a low of 9,559.33 but recovered thrice to hit an intra-day high of 9,928.60 pts only to be pulled down each time to finally reach its closing value.
The Nifty also showed a similar trend and finished Wednesday at 2,912.55, down 26.1 pts or 0.89 % from its previous close Tuesday at 2,938.65 pts.
Markets were closed on Thursday and they reopened strong on Friday following overnight gains in US markets but soon began to slide and ended in the red once again.
The Sensex finished Friday at 9,385.42, down 150.91 pts or 1.58 % from its previous close Wednesday at 9,536.33 pts.
The Sensex opened strong at 9,799.25, up 262.92 pts or 2.76 % from its previous close Wednesday, hit a high of 9,836.11 but then began to slide to hit a low of 9,267.49 before inching up about 115 pts to its closing value.
The Nifty also showed a similar trend and closed Friday at 2,810.35, down 38.1 pts or 1.34 % from its previous close Wednesday at 2,848.45 pts.
The G20 summit in Washington this weekend will provide cues for the markets Monday, analysts said. With Germany too officially going into a recession, sentiments are extremely weak and there is still great nervousness, they added.
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