STOCK MARKET REVIEW: 16TH MARCH 2012

Sharespedia Fri Mar 16, 2012 11:44 pm

BSE SENSEX and NIFTY slipped on FRIDAY after UNION BUDGET for 2012-13 presented by finance minister, fiscal deficit at 5.1% of gross domestic products which was near expectations but market borrowing figures 4.79 lakh crore (93% of deficit) was higher than expected.
Markets weighted down by Oil & gas, capital goods, power and banking sector losing 1.5-3%, while Standard Chartered IDR hit 20% upper circuit after two way fungibility of IDR was proposed in BUDGET 2012-13.

The SENSEX closed 224 points down at 17,445 and the NIFTY stood at 5317, down by 62 points.

BSE Small-Cap index was down by -1.12% while the BSE Mid-Cap index finished -0.68% down.CNX MIDCAP 50 index was down -1.23% and S&P CNX 500 was down around -1.27%.