Trading will now resume on Monday, March 17.
Indian equities ended lower on Thursday as weekly options expiry of the Nifty 50 contracts put pressure on the indices through the session. Although the Nifty recovered nearly 80 points from the lows of the day, it closed below the mark of 22,450, a level it had managed to defend for five sessions in a row.
For the week, the Nifty was back in the red after some respite in the week before. The index ended the truncated week down 0.7%, while the Nifty Bank, outperformed on Thursday but ended the week down 0.9%.
The Nifty Bank has managed to defend the 47,840 level on the downside consistently and closed above the mark of 48,000 on Thursday.
Sun Pharma turned out to be the top gainer on the Nifty for this truncated week, ending with gains of nearly 5%, followed by ICICI Bank and Kotak Mahindra Bank (3% each).
IndusInd Bank had its worst week on record, declining 28%, but that is also due to a one-day drop on Tuesday. Other top losers on the Nifty during the truncated week were IT stocks like Wipro (Down 7%), Infosys (Down 6%) and Tech Mahindra (Down 3.5%).
