Indian equity market ended on a positive note, the benchmark broad based Index Nifty ended the week at 11333.85 with a loss by -2.69% i.e., -313.75 points and BSE Sensex closed the week with a loss by -2.87% .i.e., -1110.13 points at 38357.18.
Nifty Index opened the week on a positive note with gap up at 11777.55 and made a weekly high 11794.25, thereafter, the strong sell-off dragged down till 11325.85 further, the Index moved up again till 11584.95, on Friday the sell-off once again dragged the Index till 11303.65 and closed the week at 11333.85 with a negative note by -2.69%.
Nifty Bank Index also opened the week on a positive note with gap up at 25038.50 thereafter, it moved up and tested 25232.60 thereafter the weakness cum profit booking dragged till 22876.90 and closed the week with a loss by -6.17% i.e., -1512.30 points at 23011.50.
Last week, all the sectoral Indices were closed with a loss, they are: Nifty Realty lead the loss by -5.60%, Nifty Energy lost -3.36%, Nifty pharma lost -2.94%, Nifty Metal lost -2.73%, Nifty Auto lost -1.42, Nifty FMCG lost -1.36% and Nifty IT ended the week with marginal loss by -0.27%.