Weak global markets played spoil sport as the markets ended on a losing note at the end of the week. | |||||||||||||||||
At the same time several milestones were crossed. The Sensex breached the 14000 level in intra-day trading on December 6 and closed at an all time high of 13972 the very next day. | |||||||||||||||||
However, fragile international markets meant that the Sensex lost all gains and was down 45.29 points to settle at 13799 at the end of the week. The Nifty lost 35.6 points to settle at 3962 during the week. | |||||||||||||||||
What to expect this week | |||||||||||||||||
Markets are expected to consolidate this week as profit booking is likely to continue. | |||||||||||||||||
Market observers do not see any triggers that could boost sentiments. Bank stocks would be under pressure due to the CRR hike. Bond portfolios of banks are likely to get hit as interest rates rise.
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