Nifty witnessed profit booking for a second consecutive week and closed two per cent lower amid slowdown concerns.

Equity benchmarks extended the decline in expiry week as investors remained on the edge amid slowdown concerns. Broader market underperformed as the Nifty midcap and small-cap indices decline by nearly two per cent of each. Here, read the top four highlights of the Indian market last week.

Benchmark index witnessed profit booking post-Union Budget as it gave up most of its weekly gains to close marginally higher by 0.2 per cent at 11811 points level. The broader market also traded in a range as the Nifty Midcap and small-cap index closed lower by 0.9 per cent and 0.2 per cent respectively.

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Nifty continues to trade with corrective bias as the index declined for third consecutive weeks to close down by 0.8 per cent at 11724 points amid concerns over domestic liquidity and lingering trade war tension between the US and China.