In the week ended on 16th December 2016, the Sensex chopped 257.62 points or 0.96 percent to settle at 26,489.56, while the Nifty fell 122.30 points or 1.48 percent to settle at 8,139.45. The BSE Mid-Cap index and the BSE Small-Cap index fell 2.38 percent and 1.68 percent respectively. Both these indexes underperformed the Sensex.
Trading for the week started on a negative bias. Telecom, banking index overweighed ITC and Infosys led modest to strong losses for key benchmark indices on the start of the week Monday(12 Dec 2016). The benchmark index, the S&P BSE Sensex, fell 231.94 pts or 0.87 percent to settle at 26,515.00.
On 13 December, Key benchmark indices registered modest gains. The Sensex had risen 182.58 points or 0.69 percent to settle at 26,697.82, its highest closing level since 9 Dec. 2016. Market settled with little losses in a volatile trading session on Wednesday, 14 Dec 2016. The Sensex slipped 94.98 points or 0.36 percent to settle at 26,602.84, its lowest closing level since 12 Dec 2016.
Key benchmark indices ended the volatile session with little losses on 15 December 2016, when the Sensex slipped 83.77 points or 0.31 percent to settle at 26,519.07, its lowest closing level since 12 Dec 2016.
On the end day, Friday, 16 Dec, the Key benchmark indices registered small losses tracking dull trading on the European and Asian Stock exchanges. The benchmark index, the S&P BSE Sensex, lost 29.51 points or 0.11 percent to settle at 26,489.56.
Among the 30-Sensex shares, 24 shares turned down and the remaining shares rose. Bharti Airtel was the chief loser in the Sensex pack last week. The stock fell 6.36 percent to Rs 309.95.
Most bank shares declined. ICICI Bank was down 4.75%, while HDFC Bank down 1.43%, SBI fell 0.47 percent. However, Axis Bank rose 3.61 percent.
On the global forefront, the 2-day Federal Open Market Committee meeting concluded on Wednesday, 14 December 2016, with the US central bank hiking the interest rates by 25 bps, an outcome that was largely factored in by the markets globally.
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