Market Review: Sensex falls for second straight week, sheds 378 points; Adani Ports top loser -- 7 May 2016

 The BSE Sensex fell 378 points, or 1.48 per cent to 25,228.50 on May 6 from 25,838.14 on April 29. Likewise, the Nifty index on the National Stock Exchange lost 116 points, or 1.48 per cent to 7,733.45.

                                           

Among the 30 share index on the Bombay Stock Exchange, 23 stocks ended the week in red with Adani Ports and Special Economic Zone sliding the most — 18.17 per cent to Rs 238.25 on May 6. It was followed by ICICI Bank (down 7.80 per cent), Dr Reddy’s Labs (down 7.31 per cent), Tata Steel (down 6.02 per cent) and Oil & Natural Gas Corporation (down 4.41 per cent). On the other hand, Housing Development Finance Corporation, GAIL (India), Asian Paints and BHEL gained 7.24 per cent, 6.62 per cent, 2.34 per cent and 1.08 per cent, respectively.

Sectorwise, the BSE Metal index, BSE Bankex and BSE IT index dipped 3.60 per cent, 3.01 per cent and 2.54 per cent, respectively, in the past five trading sessions. All other sectoral indices also ended the week in red.

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