STOCK MONITOR
Stock markets remained subdued last week as US-Iraq war fears clouded the horizons. The Sensex breached the psychological level of 3300 on Friday and settled at 3287.86, 100 points lower over the previous week's close.
The biggest losers were technology and pharma stocks, partly because of their disappointing third quarter results. There was selling pressure across the board. Besides, the redemption pressure on Alliance forced a few favourite scrips of fund manager Samir Arora to slide. The fund offloaded shares in large numbers.
Also Read
The markets closed the week on a weak note. It seems that the further course of action will be determined by developments on the war front and at the cabinet meeting scheduled for January 29. The outcome of the meeting assumes importance in view of market expectations that the petroleum minister may be stripped of his portfolio.
BPCL
Last week
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app