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The Nifty traded in a narrow 150 points range last week, while individual stocks reacted sharply in tandem with their quarterly performance and management guidance. Bajaj Finance, Bajaj Finserve and RBL Bank scaled new 52-week highs after their results last week, while Ashok Leyland, Bajaj Auto and Kotak Mahindra Bank declined 20 percent, 10 percent and 5 percent, respectively.
The rupee continued to trade weak, closing near 69 levels to the dollar and weighing on bond yields and fiscal deficit.
The Nifty ended last week 0.1 percent lower, while midcap and smallcaps declined 1.1 percent and 2.4 percent, respectively.
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