Market hovering dangerously close to 5000 mark

CNBC-TV18’s Executive Editor, Udayan Mukherjee 

The last lap of trading for the week is not turning out to be very good. The week has been sticky and the end will not be very easy either, we are hovering dangerously close to that 5,000 mark from the Nifty so from the brink of 5,300, where we had reached few days back we have now got pecked back almost to that 5,000 level.

The morning was better it looked like the market was dealing with that fall in the international market quite well but as the day has progressed the weakness has returned to stock prices. So as we stand we are at 16,800 for the index once again down from nearly 17,600 and the Nifty is also on the brink of 5,000, important and crucial last one hour of trade for the week ahead.