After a strong surge at the outset, bourses turned jittery and registered hefty losses over the week, pulled down by several negative factors as investors became cautious ahead of the crucial G-20 leaders' meeting at the weekend.
The market had made a roaring start lifting the benchmark Sensex by a whopping 572 points or 5.74 per cent on Monday as China's massive economic stimulus plan triggered a strong global stocks rally.
The upbeat mood, however, was short-lived as China's plan lost significance after investors shifted focus to emerging negative factors such as uncertainty over political front with assembly elections in a few states and also about a US treasury plan to buy stakes in ailing lenders.
In the week to November 15, the Bombay Stock Exchange 30-share barometer fluctuated in a range between 10,570.58 and 9,267.49 before ending the week at 9,385.42, a net fall of 578.87 points or 5.81 per cent from its last weekend's close.
Similarly, the National Stock Exchange 50-share Nifty tumbled by 162.65 points or 5.47 per cent to conclude the week at 2,810.35 from its last weekend's close.
The market seemed to be extremely cautious ahead of a meeting of G-20 leaders' on global financial and economic crisis on November 14 and 15 even as Germany fell into recession and the US unemployment claims hit a 25-year high with its imports suffering a record drop in September.
A fall in India's exports for the first time in the last five years and reduction in growth forecast amid lingering worries about a global recession caused concerns among investors.