The Nifty and the Sensex ended the week marginally higher but the Nifty Bank outperformed even though the Reserve Bank of India left the key policy rates unchanged.
However, the MPC committee softened its stance inflation by slashing its future projections hinting at rate cut in the coming days.
Nilesh Shah, MD, Kotak Mah AMC says this week the benchmark indices did not show big movements but the underlying stocks showed huge movements, which tells you that the index is in consolidation phase but within that the constituents will give wide range of returns.