With two key events behind us, the FOMC and RBI meetings, the focus this week will shift to the derivative expiry on Thursday, FII inflows, rupee and expectations on quarterly results with Q3FY14 earnings season to start from second week of January.
Here's all that made headlines in business world this week.
Sudarshan Sukhani, technical analyst, s2analytics.com, says if the markets consolidate next week, it would be sensible to go long, at least in short-term trade. He says he is still upbeat on IT stocks, and recommends a buy on Sun Pharma and Hexaware.
In contrast to the previous week, Monday's trading session was a good start to the week, as a combination of short covering and may be a bit of strong hand buying as well lifted the market.
The rupee fell to its lowest in a week on Tuesday, logging a second successive day of loss, as importers continued to buy dollars and a weak euro posed headwinds to the currency.
Global shares are seen reacting to the U.S. October jobs data later on Friday, with analysts expecting 125,000 jobs to have been added and the unemployment rate to tick up to 7.9 percent.
Indian equities pared losses in the last couple of hours of trade as both the BSE Sensex and NSE Nifty closed marginally lower as compared to more than 1% fall since early trade on Friday.