Stock market this week: The truncated week witnessed some cool-off in key indices as market participants looked to lighten up their positions ahead of the long weekend.
Nifty 50 index ended below 17,500 mark with a weekly loss of 1.74 per cent. The 50-stock index has corrected from its swing high of 18,115 to end the week at below 17,500 mark.
During this corrective phase, the midcap space initially showed relative outperformance as the broader markets continued to witness good buying interest, however, the Nifty Midcap index witnessed some profit booking in last couple of sessions ahead of the long weekend.
As market is going to open on Monday after a long gap it is important for investors and traders to know the important triggers that may set the momentum for the secondary market for short term.