In the past week, the markets remained in a negative terrain and also closed on a negative note. Nifty and Sensex ended with a weekly loss of around 0.19 per cent and 0.38 per cent respectively. In the Midcap session, IDBI and ALBK remained gainers whereas India Cements and CESC were top losers. The major resistance for the Nifty lies at 5,765 level. In the beginning of the next week, the market may remain subdued and after the Muhurat trading, markets may tank towards 5,600 levels.

New rules
The cabinet has agreed to impose a one-time spectrum charge on all mobile phone companies. The telecom ministry had planned two separate auctions for airwaves used by GSM- and CDMA-based mobile phone companies. Those companies that have 2G spectrum holdings beyond 4.4 megahertz (MHz) have to pay an auction-determined price. For CDMA carriers the limit is 2.5 MHz, but the one-time spectrum fee for beyond that has been postponed as there are no bidders for CDMA spectrum.