| The market consolidated after a breakout with four winning sessions followed by one loser. Although there were several large intra-day swings, the net changes were nominal. |
| The Nifty closed at 4090.05 points, up by 0.93 per cent., The Sensex was up by 0.89 per cent at 14183 points. The Defty was up 1.35 per cent. Breadth signals were fair. |
| The BSE 500 rose by 1.26 per cent. The Midcaps index finally beat its May 20006 highs. Volumes were good. Advances out numbered declines except in the last session of the week. |
| Outlook: The market has consolidated at new levels after a breakout past 4050 in early January. It should manage to achieve the closing values of 4150 fairly soon, perhaps next week itself. On the downside, there |
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