NIFTY CLOSED BELOW 5000 LEVELS

This week's Sensex down 2.3% and Nifty down 2.5%. BSE Midcap index was down 1.9%, BSE Smallcap index down 1% over the week. BSE IT index was up 3%. BSE Bankex index was down 5.7%, BSE Realty down 5.5%, BSE Oil & Gas down 4.25% and BSE FMCG index down 3.3%.If 4930-4940 breaks on Nifty, market will drift lower to 4850 levels. Sensex closed at 16719, down 174 points and Nifty is at 4987, down 54 points from the previous close. CNX Midcap index was down 0.80% and BSE Smallcap index was down 0.38%.Top Nifty gainers included Tata Motors, TCS and Ranbaxy while losers were Unitech, Gail and DLF.