SENSEX SLIPS 5.5%IN THIS WEEK..SENSEX ENDS BELOW 16K LEVEL,TELCOM AND REALTY CRACKS

Bears reigned the markets for the whole week and hammered the Sensex, which closed below the 16,000 mark for the first time in 36 sessions. The markets had opened higher following strong US and Asian cues but witnessed selling pressure in the second half of trade. The Nifty also touched the 4,700 mark during the day.

The 30-share BSE Sensex declined 156.44 points or 0.97%, to settle at 15,896.28, after seeing a fall of 464.6 points loss from its day's high of

Index	Closing Value	Today's Chg (%)	Weekly Chg (%)
REALTY	3827.13	0.17	-15.38
METAL	13940.17	0.25	-9.60
BANKEX	9336.16	0.49	-8.75
SMALLCAP	7058.72	-0.77	-8.01
MIDCAP	6014.3	-0.54	-7.63
POWER	2914.62	-1.49	-7.11
OIL&GAS	9434.43	-2.79	-5.72
NIFTY	4711.7	-0.82	-5.71
TECk	2855.37	-1.93	-5.57
SENSEX	15896.28	-0.97	-5.44
CAP GOODS	12873.48	-0.46	-4.27
AUTO	6307.2	0.94	-2.47
IT	4425.52	-0.49	-2.27
PHARMA	4377.2	-0.89	-0.56
FMCG	2808.97	-0.6	-0.56

16,360.88. The 50-share NSE Nifty touched an intraday low of 4687.50 and corrected nearly 142 points from its day's high of 4853.65. It slipped 0.82% or 38.85 points, to close at 4711.70. The benchmark indices plunged 5.44% and 5.7% in five days, respectively.

In a crucial fallout of Central Bureau of Investigation’s (CBI) probe into the alleged 2G spectrum allocation scam, work on allocation of spectrum to all existing operators — including Bharti Airtel, Vodafone Essar, Idea, Reliance Communications among others — has stopped at the Department of Telecom (DoT), reports CNBC-TV18’s. Reliance Communication, Bharti Airtel and Idea Cellular plunged 6-7.4%. Bharti Airtel is awaiting 2G Spectrum in 10 circles.

Another factor was Bharti Airtel's Q2 numbers, which were disappointing. The company’s net profit declined 7.8% to Rs 2,321 crore and total revenues slipped 0.97% to Rs 9,845 crore, QoQ while CNBC-TV18 expected net profit at Rs 2,401.2 crore and total revenues at Rs 10,218.4 crore.

Sanjay Chawla of Anand Rathi Securities said, "The mobile segment results are almost mirroring what Idea has reported. So, in that sense we were not surprised given that Idea’s numbers were also weak and the stock has already reacted, there was little room for disappointment. But having said that, on an absolute basis, the numbers are quite weak."

Reliance Industries (RIL) also reported Q2 numbers, which were below estimates. The stock was down 3.4% today. Its net profit went down 6.55% to Rs 3,852 crore while estimates were at Rs 4,081 crore and net sales increased 4.6% to Rs 46,848 crore while estimates were at Rs 49,190 crore.

Today's listing, Indiabulls Power ended its first trading session at a hefty discount of 15.11% to its issue price of Rs 45. The share closed at Rs 38.20 on the NSE

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