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The indices remained rangebound for a major part of the week. However, bulls returned with a vengeance towards the fag end of the week from the lows of 10,700.
The Nifty ended the week on a flat note. Strong put writing at 10,700 levels led to a sharp bounce in the index, which later was fuelled due to call writers covering their position rapidly at 10,800 levels.
The market remained quite segmented in the last week, baring banking stocks, as all other major sectors like metal, infrastructure and pharmaceuticals saw deep cuts. Private banks led by HDFC Bank and ICICI Bank outperformed rest of the peers.
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