Trading for the week started off on a subdued note owing to quiet cues from other Asian bourses. The Nifty then remained under pressure for the remaining session after posting a high of 8623 in the initial trades. During the remaining part of the week, the Nifty vacillated within the Monday's price range. Since it remained within one and half a percent range throughout the week, we could not observe a clear direction for our market. On the sectoral front, the FMCG sector outperformed the broader Nifty along with the Consumer Durables and Banking sectors; whereas the Oil & Gas and IT counters witnessed a modest correction throughout the week. The Nifty ended the week with a nominal loss of 0.58% over the previous week's closing.
