Markets action for the Week
The BSE Sensex corrected 549.49 points to close at 49,034.67 though managed to hold on to 49,000-mark while the Nifty50 declined 161.90 points to 14,433.70 and formed a bearish candle on the daily charts as closing was lower than opening levels. The index gained 0.6 percent for the week and formed a Doji kind of pattern on the weekly scale as the closing was near its opening levels. The sharp decline of Friday seems to be a one day drop…