NIFTY falls short of intraday lifetime high by a whisker, correction to follow

Markets were on a roll last week making new records but somehow towards the end of the week, they lost momentum. They gained on two of the five sessions, losing on the remaining three. BSESENSEX made a new intraday lifetime high and also bettered the closing high made in the previous week on Friday.

The new level was 63,523.15 points on BSESENSEX and 18,856.85 points on NIFTY. BSESENSEX at the end of the week lost 405.21 points or 0.64 per cent to close at 62,979.37 points while NIFTY lost 160.50 points or 0.85 per cent to close at 18,665.50 points. The broader indices saw BSE100, BSE200 and BSE500 lose 1.10 per cent, 1.10 per cent and 1.09 per cent respectively. BSEMIDCP lost 1.25 per cent and BSESMALLCAP was down 0.93 per cent.

The Indian Rupee lost 11 paisa or 0.13 per cent to close at Rs 82.04 to the US dollar. Dow Jones lost on all four trading sessions during the week. It was down 571.69 points or 1.67 per cent to close at 33,727.43 points.