11 things that moved markets during the week

Moneycontrol Bureau

Key indices posted their first weekly loss this calendar after seven successive weeks of gains, as the market looks to consolidate the massive gains made so far. The Nifty and Sensex retreated 2-2.5%, closing at 5429, and 17923 respectively. Second line shares felt the heat of the sell-off, with the mid cap and small cap indices declining around 4% each.

Sentiment has improved considerably, but valuations are no longer as attractive as they were till a couple of months, say market players. Any upmove from hereon is likely to be selective, as players scour for stocks with which still have some upside left, or are better placed to withstand any sudden correction. Realty, capital goods and banking shares were among the worst performing sectors for the week.

Here is a glance at the 10 events/data/policy that move the market during the week.

Greece bail out package: After much haggling, the European Union finally handed over Greece its second tranche of financial aid, 130 billion euros. But doubts persist on whether the ailing Eurozone member will be able to meet the stiff austerity targets the lenders have set for it. 

Kingfisher's woes: Matters at the ailing airline took a turn for the worse this week, and it looks like nothing short of a miracle can save Vijay Mallya