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After taking a marginal breather last week, the Indian equity market managed to reverse the trend on a weekly basis to close positive. The Nifty continued to trade in a tight range in the week gone by. It failed to vindicate the upward trend despite managing to trade above 10,800 levels.
The index saw a marginal setback in Thursday’s session as bears took control and pushed the index below 10,750 levels. However, it managed to recoup the downside towards closing week and touched 10,816 levels on an intraday basis.
Despite failing to hold higher levels, it managed to close the week on a positive note at 10,772.65 levels, up about 0.54 percent led by automobile companies.
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