The market made both directional swings throughout the week. It took support from level 22320 and traded in a range of 350 points this week. As the Nifty broke the losing streak last week and closed positive, but it could not sustain it and closed negatively by 0.70% this week. The Nifty Mid Cap index plunged by 2.64%, while the Nifty Small Cap 100 Index was down by 4%. The IndusInd Bank plunged by 28% after revealing a discrepancy of 2100 crore in its derivatives portfolio.
