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Expect new turns and twists in financial markets in the coming days as well

Scam expectedly is all set to dominate this week, after we have already had a tumultuous past few days

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CBI officials escort Gokulnath Shetty (c, grey hair), the former deputy manager of the Punjab National Bank (PNB) into a special CBI court in Mumbai in the Nirav Modi case. Pic/AFP
CBI officials escort Gokulnath Shetty (c, grey hair), the former deputy manager of the Punjab National Bank (PNB) into a special CBI court in Mumbai in the Nirav Modi case. Pic/AFP

Markets were volatile on expected lines but ended flat after four choppy days of trade. They gained on two of the four days and lost on the remaining two. The noteworthy point was that the fall from intraday highs was always significant and indicated selling pressure. At the end of the week, markets were as flat as could be with the BSESENSEX gaining 5 points or 0.01 per cent to close at 34,010.76 points. NIFTY lost 2.65 points or 0.03 per cent to close at 10,452.30 points. The broader indices saw the BSE100, BSE200 and BSE500 lose 0.13 per cent, 0.19 per cent and 0.24 per cent respectively. BSEMIDCAP was down 0.20 per cent and BSESMALLCAP was down 0.76 per cent.

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