Bombay Stock Exchange’s Sensex closed at 34315, down by 418 points or one per cent while the National Stock Exchange’s Nifty closed at 10303, down by 169 points or two per cent for the week.

Nifty commenced the week on a positive note, but failed to sustain intra-week high of 10700 and reacted 400 points lower in last two trading sessions to end on a weak note. Broader markets performed in tandem with the benchmarks as the Nifty Midcap and small-cap indices closed 1.2 per cent lower each.

Among the Nifty constituents, Yes Bank, Indiabulls Housing Finance, Eicher Motors, Maruti Suzuki, Hero Motocorp, Ultratech Cement, Bajaj Finserv and Bajaj Finance were the major draggers while ITC, Dr Reddy’s and Cipla were prominent gainers for the week.

Benchmark indices traded in a range bound manner amid oil prices cooling off, strengthening rupee and mixed global cues.