Weekly Review: Sen*** down 342 pts

The BSE benchmark Sen*** snapped its nine-week winning spree by slipping 342 points on account of profit booking in front line stocks. A tussle between the market and insurance regulators over unit linked insurance products (ULIPS) also weighed on investor sentiment in addition to expectations of a rise in key interest rates by the Reserve Bank of India (RBI) in its monetary policy meet next week. The BSE 30-share index hovered in a range of 17,995.25 and 17,529.55 before concluding the week at 17,591.18, a net fall of 341.96 points or 1.91 per cent after gaining nearly 2,017 points or ...

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