Sentiment was hit as the week only witnessed a single bargain hunting gains mirroring a recovery in global stocks. Already bogged down by the global uncertainty over China slow down, the market expected a balm in the absence bad news from China from its declaration of two-day holiday to commemorate the end of World War II.

The government ruling to propel the investors sentiment by not levying Minimum Alternate Tax (MAT) on gains made by FPIs, and also RBI would consider domestic and global deflation trend on dictating its policy rates did not helped at the ground level to pick-up the stock momentum.

The free fall the week witnessed as investors sentiment tangled in web of insecurities driven by concerns over future economic conditions amid data of deficit monsoon with country receiving 12 per cent less rainfall this year would provoke poor agriculture output.

The bearishness also attributed to the continued FII sell-off amid key macro datas of slow-down in GDP growth by 7 percent this quarter from previous 7.5 percent and manufacturing PMI to 52.3 percent from 52.7 percent.

The uncertainty over key US Federal Reserve rate hike in September on the back of its strong economic data also loomed the trading sentiment. The Sensex resumed higher at 26,469.42 and traded to high of 26,504.73 and crashed to low of 25,119.06 before ending the week at 25,201.90, showing a massive loss of 1,190.48 points, or 4.51 percent.

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