Barring Germany (up 0.3%), stock markets around the world mostly traded in the negative territory in the week gone by with major Asian stock markets leading the losses.
As per the economic data based on retail sales, Eurozone economy seems to be improving. Investors are further likely to take cues from the European Central Bank's policy meeting today, where it is expected to announce details of its €1.1 trillion quantitative easing program, which is due to start this month. Euro has hit 11 year low against the dollar ahead of the event.
The stock markets in the US have been trading on a cautious note. The private sector employment data has been negative and there is nervousness in the markets ahead of nonfarm payrolls and due to cut in the China's economic growth forecast to around 7% this year.
The Asian stock markets tripped as China slashed its GDP growth target to 7% for 2015, down from 7.5% last year. It is noteworthy that this is the lowest target in 11 years.
It was quite an eventful week for Indian economy and stock markets, with Reserve Bank of India (RBI) offering a surprise rate cut. While the announcement catapulted markets to fresh lifetime highs, profit booking led to some correction. The BSE-Sensex was trading lower by 0.2% (over the week).
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Source: Yahoo Finance **Price for US and UK markets as on 4th March 2015. |
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Source: BSE |
Company | 25-Feb-14 | 5-Mar-14 | Change | 52-wk High/Low | |
Top gainers during the week (BSE-A Group) | |||||
Ranbaxy Lab | 688 | 806 | 17.1% | 806/335 | |
Sun Pharma | 891 | 1,037 | 16.4% | 1,037/553 | |
Century Textiles | 482 | 560 | 16.1% | 651/326 | |
Strides Arcolab | 889 | 1,033 | 16.1% | 1,033/349 | |
Multi Commodity Exchange | 1,065 | 1,225 | 15.0% | 1,289/425 | |
Top losers during the week (BSE-A Group) | |||||
ITC Ltd | 400 | 346 | -13.4% | 410/312 | |
Pipavav Defence | 78 | 69 | -12.0% | 85/33 | |
Future Retail | 116 | 104 | -10.3% | 152/78 | |
Opto Circuits | 25 | 23 | -9.1% | 45/18 | |
Lanco Infratech | 6 | 6 | -8.3% | 15/5 |
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