This weekly market report provides an analysis of the Nifty, Bank Nifty, sector performances, FII/DII investments, crude oil and gold prices. Some key points:
- The Nifty closed slightly lower at 12,174.65 and is at a precarious level, with further weakness expected if it closes below 12,126.
- Most sectors declined over the week except tech and pharma. Banking sector underperformed the broader market.
- FIIs were net sellers over most of the past week while DIIs were mixed.
- Crude oil prices are rising on expectations of upcoming OPEC production cuts while gold prices stabilized after recent declines.