Business News The week :The week was full of volatile for the Indian stock markets, but at the end the govt’s move on MAT helped indices to end in positive note. Foreign Portfolio Investor (FPIs) worries abated after the government set up a high-level committee to look into the Minimum Alternative Tax (MAT) issue that triggered positive sentiments in Indian stock markets.
BSE Sensex lost 1.55 percent and Nifty shed 1.49 percent. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened slightly higher for the week at 27,565.49 points against previous close at 27,437.49 points. But it ended 426.63 points lower at 27,011.31 points with loss of 1.55 per cent.