Despite weak global markets, Indian markets rallied and Nifty closed up around 4.7 per cent on the weekly basis. The Mid-cap and small cap sectors were up around 2.8 per cent and 1.8 per cent respectively.

The large cap gainers were IndusInd bank and SBI which closed up around 13 per cent and 10.5 per cent respectively. HCL Tech and TCS were losers, down around 5.4 per cent and 4 per cent respectively. Nifty has immediate target at 5800 and 5858; if Nifty moves above these two levels, further aggressive buying can be expected. Support for the Nifty lies at 5621 and 5658.