The market ended higher last week led by defensive stocks, with the Nifty closing above 8450. SBI reported a 23% rise in quarterly net profit to Rs. 3742 crore and improved NPA. Tata Power will replace Lupin in the Sensex. The weekly market report provides support and resistance levels for the Nifty, noting the index closed near the resistance of 8500 and may face selling pressure if it falls below crucial support of 8350. FII were net sellers for the week while DII were net buyers. Dr. Reddy's is expected to give a positive breakout above 3693.