The BSE Sensex closed at 33349, down by 966 points or 2.8 percent while the NSE Nifty closed at 10030, down by 273 points or 2.7 percent in the last week.

The index closed lower for four out of the five trading sessions during the previous week. Nifty formed an intra-week high of 10408 on Monday's session and kept on dragging lower as the week progressed.

Index breached its recent low of 10138 level and formed a seven month’s low of 10004 points on Friday. Broader markets also continue to witness a sharp decline as the Nifty Midcap and small-cap indices closed lower by 1.7% and 4.2% respectively.

Among the Nifty constituents, Bharti Airtel, HDFC, Coal India, Bajaj Finance and Titan were the major gainers for the week whereas the Asian Paints, ITC, Axis Bank, IndusInd Bank, State Bank of India, Yes Bank, ONGC, Reliance Industries, Cipla, Sun Pharma, Grasim, Ultratech Cement, Infosys, TCS, Tech Mahindra, JSW Steel, and Zee entertainment were the major draggers for the week.

Gold prices went up by 0.73 percent to $1234/ounce as compared to last week's closing price of $1225/ounce.

On the data front, the country's fiscal deficit touched 95.3 percent of the budget estimate in the first half of the financial year, compared with 91 percent at the same time last year.