Sensex slids by 2.29%

It was a choppy week for the Sensex that started on a positive note, however with the global cues getting weaker, Sensex ends 390 points lower over the last weeks close. The markets at the start of the week remained range-bound and volatile, however the bears grabbed the 30-stock index- BSE Sensex as the week ended in the red.
During the week, Sensex made the high of 17290, close to its yearly high of 17394, however today it hit the weekly low of 16210, swinging wildly by 1080 points.
Among the sectoral indices, BSE IT and Teck indices declined by over 3% each. While indices like BSE CG, Metals and Power losses over 2% each. Among the gainers, the BSE Auto, Bankex, HC and realty ends in the green with gains in the range of 0.30%-6.34%.
As dollar seems to be getting stronger, liquidity might be the cause of concern in the coming period for the domestic markets. Thus one should watch closely the FII movements in the coming period.