The S&P BSE Sensex closed at 38862, up by 190 points while the NSE Nifty closed at 11666, up by 43 points for the week. Broader markets also consolidated in a range as the Nifty Midcap closed on a flat note whereas small cap indices closed the week marginally higher by 0.2 percent.

In the current scenario off October 2018 low of 10005 points, the Nifty has rallied more than 1750 points in the last 23 weeks. Hence, it is being believed that the index needs to decisively sustain above 11800 points for further acceleration of upward momentum. Else, the possibility of temporary breather cannot be ruled out.