An evening walk down D-St: Earnings dent sentiment; Sensex, Nifty down 3.8% for week

Indian market witnessed an eigth consecutive day of fall on Friday. For the week, the S&P BSE Sensex plunged 3.8 percent while Nifty50 fell 3.7 percent in the same period.

In terms of market capitalisation, investors lost nearly Rs 5 lakh crore during this week. The average market-capitalisation of BSE-listed companies fell from Rs 151.62 lakh crore on May 3 to Rs 146.51 lakh crore on May 10. 

The final tally on D-Street for Friday – the S&P BSE Sensex fell 95 points to close at 37,462 while the Nifty50 closed 22 points lower at 11,278.

In terms of sectors, NiftyBank plunged by about 3 percent for the week ended May 10. The Nifty Metal index dropped 6.3 percent followed by the Energy Sector which was down 5.9 percent, and Nifty Auto, Nifty Pharma, and Nifty Infra were all down by about 3 percent each.