Markets end marginally lower in a volatile week but undertone still remains bullish, say experts
The Nifty50 index started the week on a positive note and traded higher initially for three trading sessions. After that, we witnessed further correction on the account of the weekly expiry and mixed global cues. Finally, the benchmark index settled at 15,689.80 levels with a marginal loss of 0.21 percent while the Bank Nifty ended at 35,071.95 with 0.75 percent gains on a weekly basis.
Sectoral indices like Nifty Realty gained by 6 percent and metal climbed 3 percent whereas, Nifty Auto and PSU bank dragged lower by 2.2 percent on a weekly basis. The top weekly gainers were Bajaj Finserv, Tata Steel, Hindalco and IndusInd Bank those who have supported the index for a week. Tata Motors, Bajaj Auto, TCS and Tech Mahindra were the prime laggards.