The expected correction happened but was delayed to Friday instead of Wednesday. The markets despite the correction which happened closed in the green. The BSESENSEX gained 140.29 points or 0.37 per cent to close at 38,164.61 points. NIFTY was up 30.05 points or 0.26 per cent to close at 11,456.90 points. The broader indices managed to close in the green and BSE100, BSE200 and BSE500 were up 0.09 per cent, 0.10 per cent and 0.04 per cent respectively. BSEMIDCAP was down 0.62 per cent while BSESMALLCAP was down 0.53 per cent.

In a significant development while indices registered gains for the week even though markets were down on Friday, the extent of Friday's damage does not get captured here. While BSESENSEX ended with gains of 140 points for the week, it lost 400 points from the intra-day high on Friday. Net loss on Friday was 222 points on the BSESENSEX. Similarly, NIFTY lost 116 points from the intra-day high while the days loss was 54 points. This effectively means that if the markets had not gained in the first three days we would have been staring at substantially bigger losses for the week instead of small gains.