Markets lost momentum to close on a weak note during the week ended due to the absence of any stimulus proposal from Bank of Japan and turbulence in the parliament over the Augusta helicopter deal.
Markets remained positive during the week ended, buoyed by decent earnings season, rise in commodity prices, expectations of good monsoon and continued buying from FIIs.
Buoyed by IMD forecast of good monsoon, heartening macroeconomic data and positive global trends; markets were on a high during the week ended.
Markets corrected during the week ended after unnerved by weakness in global markets, profit booking after RBI rate cut and renewed selling from FIIs.
Buoyed by positive trends in the global equity markets, short covering at lower levels ahead of the Union Budget and recovery in crude oil prices, markets have posted good recovery last week.
After witnessing a sharp selloff for better part of the week, a relief rally during the later part of the week helped Indian markets cover most of the losses.
Markets recorded biggest weekly fall in 2015 due to the fears of higher retail inflation forcing RBI go slow on expected interest rate cut.