Indian markets ended the choppy week with some losses. The fall was mainly due to reform worries in the wake of dismal performance of Congress party in Assembly Polls.
However, the last day of the week, the market witnessed a significant rally borrowing cues from global markets with Sensex and Nifty closing over 2% higher. This was following news of Greece moving closer to completing its debt restructuring and Labor Department data showed expected jobless claims consistent with an improving economy. Meanwhile China`s inflation rate declined to a 21-month low of 3.2% in February12.
The 30-share index, Sensex dropped 133.56 points, or 0.76% to 17,503.24 for the week ended Mar. 09, 2012. On the other hand, the broad based NSE Nifty declined 25.80 points, or 0.48%, to 5,333.55 during the week.
On sectoral front, Metal, Oil & gas and Power were major losers.
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