Equities outsmarted other asset classes in the financial year 2018\. The S&P BSE Sensex and Nifty rose by about 10-11 percent for the current fiscal. In the broader markets and among sectoral indices, Nifty Midcap and Nifty Bank stood out with gains of 13 percent, each.

The key takeaway from Friday’s session was that the index managed to defend its crucial support placed at 10,100-10,000, although it closed below its key 200-days exponential moving average and 200-days moving average.

The concluding week of the financial year was a truncated one; but, it was not at all short of actions. We saw a massive recovery on Monday followed by a gap up the opening to retest the 10200 mark, but momentum fizzled out in last two sessions.

Indian markets remained under pressure on Wednesday, which was mainly on the back of a sharp overnight sell-off seen in US markets. Eventually, Nifty concluded the financial year tad above the 10100 mark.