The weekly outlook of market is in downtrend. As the Nifty fell from key level of 24000, it made a bearish move of approx. 600 points and touched the support level of 23350. The Nifty MIDCAP SELECT tumbled by 5.5% whereas Nifty SMALLCAP 50 index was down by 6.94%. During this whole downtrend, only IT sector is seen positive and Nifty IT surged by 2% wherein, TCS being the top performer by 4% throughout the week.
