Bears Take Over Indian Equities Due To Fear Of More Rate Hikes.

Bombay-Stock-Exchange1Indian stocks fell due to rising inflation and higher interest rates, causing the market to be bearish.

The Sensex, of the Bombay Exchange, finished the week down 3.22 percent at 18,395.97

The National Stock Exchanges’ 50-scrip S&P CNX Nifty closed 3.23 % down at 5,696.5 points last week.

Five stocks gained on the Sensex during the last week: ONGC, up 0.1% to Rs.1,135.60, SBI, up 3. % to Rs.2,618.55; Tata Steel , up 0.7% to Rs.635.90, NTPC, up 1.2% to Rs.191.80; and Reliance Infra, up 0.9% to Rs.724.20;

The 30-scrip benchmark stocks that lost the most were DLF, down 12.2 % to Rs.223.10; M&M, down 8 % to Rs.696.85; Hindustan Unilever, down 9.5 % to Rs.272.45 and Hero Honda, down 7.1 % to Rs.1,657.45.