>Weekly Market Recap (RELIGARE)

Indian Bourses remained turbulent this week mirroring weak
global sentiments. Disappointment from the interim general
budget for 2009-10 pulled the market sharply as there were no
sector specific benefits for the industry hit by the global economic
slowdown. The BSE Sensex registered a loss of 8.2% whereas the
Nifty registered a loss of 7.2%. The Foreign Institutional Investors
(FIIs) were net sellers to the tune of Rs. 1,349 crore and the
Mutual Funds were net sellers to the tune of Rs. 675 crore.
The annual wholesale price index (WPI) based inflation rate fell to
a 13 month low, dipping below the 4% mark mainly on account
of declining global crude oil prices. The year on year WPI inflation
rose to 3.92% for week ended February 7 down from the previous
week's annual rise of 4.39%.

To see full report: Weekly Market Review