It was doom and gloom all round last week. Short covering on settlement day generated high volumes and a late afternoon price rise. But, on Friday without the short-covering factor, there was a collapse.
The Nifty closed at 4,136 points, down 4.85 per cent week-on-week. The Sensex was down 5.28 per cent at 13,802. The rupee stayed weak at 42.79, but it recovered slightly from lows near 43 and the Defty lost 4.55 per cent.
FII remained net sellers
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