Indices reversed previous five week''s UPMOVE with NIFTY loosing more than 2% during the week. Anticipation of rise in inflation combined with lack of volumes and participation at higher levels led to sharp fall in last three days of the four session week. For most part of the week we saw NIFTY consolidating around 4525 levels. On daily chart NIFTY continues to trade above its 20 day & 50 day EMA.

On last trading session we saw indices slipping below support level of 4490 as fresh wave of sell-off set in. We saw NIFTY LOOSING 98.35 points or -2.17% to end the session at 4430.70 levels. Turnover in Friday''s trading session remained low and stood at Rs.11018.75 crores v/s Turnover of Rs.12052.24 crores reported in earlier trading session. Market Breadth remained in favor of BEARS and out of 2730 stocks traded on BSE, 811 stocks advanced, 1849 stocks declined while 70 remained unchanged.

Finally for the week, NIFTY LOST 2.18% (98.80 points) to end the week at 4430.70 levels. "Average daily" volume for the "week" declined sharply & stood at Rs.12358.85 crores as against Rs.15006.13 crores in previous week. Amongst BSE Sectoral indices, BSE BANKEX (-6.65%), BSE REALITY (-6.27%) lost the most. BSE OIL & GAS (+0.57%) was highest gainer amongst BSE sectoral index.

Amongst the NSE F & O stocks, BAJAJ HOLDING, POLARIS, IRB INFRA, NETWORK 18 and BRFL gained the most. While HDIL, IDBI, BOMBAY DYE, BOB and HDFC remained top looser for the week.

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