Key indices settled with modest losses for the week ended 21 April 2017 as investors maintained caution ahead of elections in France over the weekend and as geopolitical tensions notably those between the US and North Korea weighed on sentiment. The Sensex fell in three out of five sessions of the week. Trading was largely listless and range bound throughout the session. The side counters continued to sizzle. On the last trading day of the week, April 21, Nifty was seen forming a bearish candle even as it had posted a day's low at 9088. During the day it had upped to 9183 opening at 9179.
We can comfortably say that though the bulls initially overpowered the bears and thus taking the crucial index above its resistance level of 9,100 for a third consecutive session but finally Nifty closed below its short term moving averages such as 5-days exponential moving average (DEMA), 10-DEMA, and 20-DEMA. The Nifty closed 17 points lower at 9,119.40.
We have pointed out these five stocks which are the top losers of the last week. Media entity TV18 Broadcast was down by 4.1%, PFC was down 3.8%, Max Financials clocked a fall of 3.6%, Hindustan Zinc had fallen by 3.2%, metal major SAIL was down 3% while PSU bank, IDBI was down by 2.3%.