Extending losses for the third straight session, Indian markets ended lower on Friday amid weak global cues and uncertainty concerning Russia-Ukraine tension. Domestic stock markets witnessed a volatile week as the benchmarks closed for four out of five sessions in the red.  

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Barometer Sensex declined 0.10% and the benchmark Nifty50 dipped 0.16% as broader market underperformed the headline indices, with Nifty Midcap declining 0.91% and Nifty Smallcap plunging 1.06% on the last trading session of the week. The broader Nifty remained below 17,300, while the Sensex settled around 57,800

Among the sectors, banking and financial indices were the only silver lining in Friday's session as Realty, oil & gas, Pharma, media struggled the most.  

"Domestic equities struggled for a firm direction in today’s volatile trade as the market opened low taking cues from yesterday’s sell-off in Wall Street following the release of FOMC meeting minutes," said Vinod Nair, Head of Research at Geojit Financial Services.

Meanwhile, the Nifty50 and the S&P BSE Sensex declined 0.60% each for the week ended February 18. 

No significant gainers on NSE, BSE this week
As far indices are concerned Nifty IT and S&P BSE Energy marginally gained by 0.3% and 1.1% respectively on the NSE and BSE this week.  

While there were no gainers on the NSE, except for the IT index this week, S&P BSE Consumer Durables (0.6%) was another index to ended in the green in a volatile week that witnessed a range-bound trading.  

Metal, PSU Bank drop the most
As any index barely made a significant up move this week on the two exchanges, S&P BSE Metal (4.2%) declined the most on the BSE, while Nifty PSU Bank (4.7%) was the top most drag on the NSE for the week ended February 18. Nifty metal too declined 4.1% in the past five trading sessions.

What Nifty chart hints?
"On the daily chart of Nifty, an inverted hammer pattern has formed, which often indicates a bullish reversal. On the lower end, 17200 may act as support for the falling market. The trend is likely to remain bullish in the days to come as long Nifty holds on to 17200. On the higher end, crucial resistance is placed at 17,500," said Rupak De, Senior Technical Analyst at LKP Securities.  

Global cues remain weak
As current global cues are forcing global equities to remain unstable, the domestic market is also expected to continue its volatile trend in the coming days," says Vinod Nair

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision )