Key benchmark indices fell around 1.4-1.45 percent on Friday and posted its biggest weekly loss since December 2011 as blue chip stocks fell sharply. CNX Nifty closed down by 108 points at 7459, with a weekly drop of 3.77%. Sentiment was further dampened by concerns about Portugal's banking sector that highlighted contagion risk in the euro zone. With budget out of the way, traders say the focus would shift to global markets, progress on monsoon, and earnings next week.
The market breadth, indicating the overall health of the market was positive, but in Nifty50 stocks the advances to declines stands at 13 advances to 37 declines.
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