Domestic markets ended the volatile week on a flat note on account of profit booking as well as concerns over the slow progress of monsoon. Equity indices continued to hit fresh highs on the back of positive global cues but made small progress. Sensex and Nifty ended the week with minor gains of 0.28 per cent and 0.15 per cent, respectively. The markets edged higher in 2 out of 4 trading sessions during the week Among Nifty 100 stocks, Motherson surged 7.5%, Vedanta was up 5.1%; ICICI Bank gained 4.8%; Axis Bank added 4.8%; and HDFC Bank rose 4.3%. On the downside, ABB fell 6.9%; Hero Motocorp slipped 6.1%; Ultratech Cement was down 5.2%; Maruti Suzuki fell 5.0% and Siemens declined 4.5%.

As per provisional figures, FIIs were net buyers of Rs 9103cr in the equity markets during the week and DIIs were net buyers of Rs 9575 crore. Nifty formed an engulfing bear like pattern on June 21 for the second time in 3 days. On weekly charts, it made a spinning top like pattern after a rise, suggesting a possible halt in the upmove. Nifty may find the resistance of 23667 tough to pierce in the near term while 23290 could offer support.